## ## ## ## ## ## ## ||||||THE LORD BAMFORD FOUNDATION|||| |---|---|---|---|---|---|---|---|---| ||||||STATEMENT OF FINANCIAL ACTIVITIES|||| ||||||FOR THE YEAR ENDED 31MARCH 2023|||| |||||||Unrestricted|Total|Total| |||||||Funds|Funds|Funds| |||||||2023|2023|2022| ||||||Note|6|5|F.| |INCOME||||||||| |Denalions||||||300,000|300,000|300,000| |Invesbnents||||||||| |Investment
mccme||||||27,748|27,748|15,237| |Interest recervable||||||1,425|1,425|31| |TOTAL INCOME||||||329,173|329,173|315,266| |EXPENDITURE||||||||| |Coats of rsrarng
flrndm||||||||| |Investment
management||coals||||25,995|25,995|19,212| |Expsndrturs
on chantable aliases||||||||| |Grants||||||79,500|70,500|I7,500| |Governance
rwsw||||||6,679|6,679|7,102| |Bank charges||||||7|7|| |TOTAL EXPENDITURE||||||112,181|112,1!!1|43,814| |NET
INCOME
AND
NET||MOVEMENT||IN|FUNDS|216992|216,992|271,454| |BEFORE GAINS AND LOSSESON INVESTMENTS||||||||| |Net (losses))gains|on investmenls|||||(75,094)|(75,094)|56,380| |NET INCOME FOR THE YEAR||||||t41,ege|141 898|327,834| |RECONCILIATION|OF FUNDS|||||||| |Total funds brought|forward|||||2,026,841|2,026,841|1,699,007| |Total funds carried|forward|||||2,168,739|2,168,739|2,026,841| |Afi the funds ofthe|chsnly ere unrestricted||funds|||||| |||||BALANCE SHEET||||| |---|---|---|---|---|---|---|---|---| |||||FORTHE YEAR ENDED 31 MARCH|2023|||| ||||||2023|2022||| |||||Nots||8||| |FIXEDASSETS||||||||| |Invaslmenls|||||1,901,293||1,954,516|| |CURRENTASSETS||||||||| |Cash at bank||||215,750||04,904||| |||||215,750||04,904||| |CREDITORS: Amounts|falling|||||||| |due within one year||||(13,304)||(12,5791||| |NET CURRENT ASSETS|||||202,446|||72,325| |PROVISIONS FOR LIABILITES AND CHARGES||||||||| |Ottl8I' provlslolls||||10|(15,000)|||| |NET ASSETS|||||2 160,739||2|020,041| |The funds ofthe charity:||||||||| |Unrestncted
innome funds|||||2,168,739||2,026,041|| |TOTALCHARITY FUNDS|||||2,160739||2,026,041|| |These F
ncisl Statements||were approved|by the|Trustees untie, ......,...h.'..,.,..,.,...,......, ,......,.t.......and amngned
2) rw)045)~Q
Ir'I II||on their behalf|by.|| |SER
vena||||||||| |1.|ACCOUNTING
POLICIES|||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||Basis ofAccounting|||||||||| ||The accounts
(financral
slatements)
have
been prepared
under
the historic cost mnvenuon
with items|mmgnrsed
at|cast|||or transaction||||| ||value unless
otherwise
stated
in Ihe relevant
notes lo the accounts
The financial
statements
have been|prepared
in amordance||||||with||lhe| ||Statement
of Recommended
Practice: Accounting
and Reporting
by Chan1ies
preparing
their accounts|in acmrdance||with|||Ihs|Financial||| ||Reporhng
Slandard
applicable
in Ihe UK and Republic of ireland (FRS 102)issued
in October 2010 and|Ihe Fmancial|Reporting|||||Standard||| ||applicable
rn the Untied
Kingdom
and Republic cfIreland (FRS 102)and the Charities
Am 2011|||||||||| ||The accounts
(financial
statemenis)
have been prepared
lo give e 'lme and fair' view and have departed|fram the Charities|||(Accounts|||||and| ||Reports) Regulations
2005 only to the extent required te previde a 'true and fair view'. This departure
has|involved
following|||Acceuntmg|||||and| ||Reporting
by Charities:
Statement
ef Recommended
Pmcbce
applicable
to charihes
prepanng
their|accounts
in accordance||||||«sth||the| ||Financial
Reporting
Standard
applicable
rn the UK and Repubfic ofltuland
(FRS 102)wsued
in October 2019rather than||the||Accountmg|||||and| ||Reporting
by Charities: Statement ofRecemmended
Practice effective from I April 2005 which hss sinm been withdrawn.|||||||||| ||The trust mnstitutes
e public
benefit
entity es defined
by FRS 102. The frnanoel
statemenls
are prepared
tn E sterling,|||||the functional||||| ||cunency ofthe chanty.|||||||||| ||The Trustees consider Ihat there are no material
uncertainties
about the charity's
ability to continue as a going concern.|||||||||| ||Funds structure|||||||||| ||The chantys
irma pal
source offunding
is a donation
from a Tmslee and is unrestricted.|||||||||| ||Investments|||||||||| ||Investments
are a form of basic fmanoal
rnstrumenl
and are rnilragy
recognised
at their transaction
value and subsequenfiy||||||measured|||at| ||Iheir fair value as al the balance sheet date using Ihe closing quoted
market once. The statement
offinandel
actrvihes includes||||||the|net|gains|| ||snd losses ansrng on ravel uauon and drsposale
throughout
the year.|||||||||| ||Realised gains and losses|||||||||| ||Ag gains
and losses are taken
tu the Statement
of Financial
Activlfiss
as they arise. Rsabsed
gains|and
lasses|on mveshnents|||||||are| ||calculated as the difference
between sales pnceeds and their opening
carrying
value or their purchase
value
rf acqurrsd|||subsequent|||||to|the| ||frrsl day of Ihe financial year. Unrealised
gains and losses are calculated ss the driference
between the fair value at the|||year||end||and|their|| ||carrying
value. Realised and unmalrsed
mvestment
gains and losses are combined
in the Statement of Financial Activihes.|||||||||| ||Income|||||||||| ||Afi income is recognised
once Ihe chanty has enutlement
to Ihe income,
it is probable that the income
will be received and|||the||amount|||of|Ihe| ||i come receivable can bs measured
refiably.|||||||||| ||Donations are accounted
for in Lhe period
in which Ihe charity is enhtled to receipt.|||||||||| ||Investment
income is accounted
for in the period
in which the charily is entitled
to receipt|||||||||| ||Expenditure|||||||||| ||Lrabrlrties sre recogmsed as expenditure as soon as there isa lrqtal or constructive
obligation
committing
the shanty to that experldrmru,|||||||||It re| ||probable
that setfiement
will be required
and Ihe amount ofths obligation csn be measured
relrebly.|||||||||| ||Expenditure
rs acmunted
for on an accruals basi~, wrlh donahons
heing mcognrsed
orrce approved
by the Tnlstees.|||||||||| ||Financial Instruments|||||||||| ||The chanty
only hes frnanmal
assets and frnancisl
lrsbilrtres of a krnd that quslrfy ss baste Iinsnqal
rnstruments.
Basic financia||||||mstruments|||| ||are initially recogmsed al transaction
value and subsequently
measured
al their seltlemenl
value|||||||||| ||Short Term Debtors and Creditors|||||||||| ||Deblore and oadrtors
with no stated interest
rate and receivable
or payable
within
one year are recorded|at transaction||pnce|||Any losses|||| ||arising from impairmenl
ars recognised
in Ihe Statement ofFmanual
Acfivrfies.|||||||||| ||Long Term Debtors and Creditors|||||||||| ||Debtors and creditors receivable or payable aller one year are rnihagy
recorded at transaction
price. At the|end of Ihe reperting|||||period,||these|| ||debtors
and creditors are discounted
to net pmsent
value
Any losses ansrng
from impairment
are recognised
tn the Statement||||||ot|Financial||| ||Activibes.|||||||||| ||Foreign Currency|||||||||| ||Transactions
m foreign
currencies
are recorded
at the exchange
rate
rufing
at the date of Iransaction.|Monetary
assets||||and||Irabilities||| ||denominated
in foreign curn:noes sm retranslated
at ths closmg rates at the balance sheet date
Ag exchange differences||||ars mduded|||||ir| ||the profrl and loss account.|||||||||| ||STAFF COSTS ANO TRUSTEES REMUNERATION|||||||||| ||There were no slaff costs incunud
dumg
the year and no remunerahon
or expenses
have bean
paid to|the Trustees
rn||ths|year.|||Certain||| ||employees
ofJCSare used by the Foundation
for management
and administrative
purposes
for which no charge is made.|||||||||| ||||||||F|OR THE YEAR END|ED 31MARCH 2023|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |3.|INVESTMENTINCOME|||||||||||||| ||||||||||||Unrestricted||Unrestricted|| |||||||||||||Funds||Furids| |||||||||||||2023||2022| |||||||||||||6||2| ||UK|||||||||||||| ||-Equities|||||||||||7,365||5.487| ||-Fixed inlerest|||||||||||3,487||2,940| ||-Other investmsnts|||||||||||5,266||2,209| ||Oversees|||||||||||||| ||Equities|||||||||||10,260||4,521| ||Cash balances|||||||||||||| ||.Iritsrsst|||||||||||1,370||| |||||||||||||27,740||15,237| |4.|INTEREST RECEIVABLE|||||||||||||| ||||||||||||Unrestricted||Unrestricted|| |||||||||||||Fiirids||Funds| |||||||||||||2023||2022| |||||||||||||0||2| ||Bank interest receivable|||||||||||1,425||31| |5.|ANALYSB OF|GRANTS||||||||||||| ||||||||||||Unresuicted||Unrestricted|| |||||||||||||Funds||Funds| |||||||||||||2023||2022| ||The following
grants||were made||in the year.|||||||||6| ||Four Shire Stone Restorason|||Committee||||||||1,000||| ||Stroke Assonauon|||||||||||25,000||| ||Iniured Jockeys|||||||||||25,000||| ||Feslival Medical|- James De||Jonge||||||||25,000||| ||Running
for Hammie|||||||||||1,000||| ||Hope forTomorrow|||||||||||2,500||| ||The Queens Platmum||Jubilee|||||||||||17.500| |||||||||||||79,500||17,500| ||Grants are paid|in accordance|||with Ihe||obiec6ves ofths charity||and are paid lo provide|either general|funding|or speuftc|funding|to the| ||reupients.|||||||||||||| ||||||||||||Unrestricted||Unrestricted|| |||||||||||||Funds||Funds| |||||||||||||2023||2022| ||Reconcglatlon|ofgrants payable:||||||||||2||8| ||Commitments
at I Apnl|||||||||||||| ||Commitments
made||in ths year|||||||||79,500||17,500| ||Grants paid during lhe year|||||||||||(64,500)|(17,500)|| ||Commitments
at 31 March|||||||||||15000||| ||Sss note 10for|details ofcommitments|||||at 31|March 2023.||||||| ||GOVERNANCE|COSTS|||||||||Unrestricted||Unrestricted|| |||||||||||||Funds||Furrils| |||||||||||||2023||2022| |||||||||||||0||6| ||Accountancy
fees|||||||||||2,653||2,822| ||Audit fees - The|audit|of Ihe Charity's|||annual||accounts||||4,026||4,280| |||||||||||||6,679||7,102| ## ## ## |7.|NET GAINS l(L|OSSE|S) ON INVES|TMENTS||||| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| ||||||||0|0| ||Realised gain(goes) on investmenl
assets||||||(40,077)|(10,005)| ||Unrealised
gam/goes)||on investment|assets|||(26,017)|66,385| ||||||||(75,094)|56,300| |0.|INVESTMENTS|||||||| ||Movement
in market value|||||||| ||||||||2023|2022| ||||||||E|0| ||Market value at|I Apnl|||||1,954,516|1,35D.332| ||Acquisitions
al cost||||||767,373|635,011| ||Sales proceeds||||||(537,530)|(351,523)| ||Nst goes)rgams|on revaluations|||||(75,094)|56,380| ||Nsl movement
in liquid||assets and dsposts||||(127,964)|264,316| ||Madiet value al|31 March|||||1,901,293|1,954,516| ||Historical cast at 31 March||||||1,842,296|1,743,797| ||The inveslments|ere analysed as:||||||| ||||||||2023|2022| ||||||||0|0| ||UK|||||||| ||- Equities||||||175,225|163,970| ||- Fixed nleresl||||||417,657|290,076| ||- Other mvestmenls||||||216,971|203,644| ||||||||809,853|738,400| ||Oversees|||||||| ||- Equities||||||004,250|741,739| ||-Other mvestments||||||113,072|93,005| ||||||||918,122|834,744| ||Cash balances||||||253,310|381,282| ||||||||1,081,203|1,954,510| |9.|CREOITORM Amounts||faDlng due|within one|year|||| ||||||||2023|2022| ||||||||0|0| ||Other creditors||||||6,625|0,507| ||Accruals||||||6,679|6,072| ||||||||13,304|12,579| |10.|OTHER PROVISIDNS|||||||| ||||||Note||2023|2022| ||||||||8|0| ||Charitable
commitments||||||15000|| ||The Foundation|has agreed to make||the following|chantable|donabans||| ||Year endmg 31|March 2023|||||15000|| ||||||||15,000||