THE LORD BAAIFORD FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charlty R•g18tratKn Number 11D8004 HOWSONS (AUDIT &ASWIIANCEI LIMITeD ReptereAudItor
THE LORD BAMFORD FOUNDATION CHARITYINFORfuTION Thp board oftrwte Damfryd DL L•dy 8•mford 08E SER05 AdminrDtw odth DGGame The Lord Fowd8tK)n uttoxéter staff051p ST14 SJP AL11015 H¥s(S (Audit & A&%wdnGel Lirrt Vas H¢J¥ Charter¥J PLcountan Regstwéd Audlt(xs wInt House Sloke Rogd st0k0n-Trefil ST4 2RW Ba•T• B0p•y$ Priv•te We•llh B•nk Level 15 1 Churchill Plac8 Lorthn E14 5HP Investmerrt ManHg8r5 H8mbro& Partn•¥ LLP 45 Pal M811 SW1YWG
THE LORD BAMFORD FOUNDATION TRUSTEESANNUAL REPORT FOR TFtEYEAR ENDED 31 MARCH 2Q24 ThB Trust0&5ha ea6ure in Pre9 Ir tt st8mntsotlhe (1Y yaarend8d 31 Marth 2024. STATUTORY 8ACKGFtOUND s8¢bc 182 Ch¥rriiies Aet 2011 and Tre ¢arfa$ IAccw)ts 8r#J Reptybl Rewlaticrn 2006 mada tnereunder r8qulr8 tha T$t88$ ts pr4)are, in res¢1 of ea( financi81 year. an annual report con18ining knfomptycfi 8nd lo bMl rgport to thg Ch9rity Commiss8. ha1n9 adathed to il th8 finarK181 stal8menL of axounts forgjth fiTrwYJ81 yw. The TnjstS 80 Wke U1 of the Charity c0nwnl80n6r8. Stst8n rl Rned Practlce appllc8ble ID charffjes prepBring thdr BCfAiu5 In accudantth the FlnBndo1 RppDrtlrq Stsndard appllc8Ne In the UK •nd RewA)IK of Irel•nd publi5hid in Ortob¥2019. REFEREIKEAND ADMINISTRATIVE INFoRMATN Then8me ol d)athly is Th8 Lord Bamford FOUraOn. ThechBriIs registran number15 11004. The charitys wpaI address is Ruc85tsr. Uttuxater. St•tfcrfd8lèST14 5JP The Tnj¥t chBrfty durtng the rrE03 fdlrA¥S.' The Lord Barnford t LY Bamford OBE SER&rf8n¥ The charfity w85 8dm1rdstwed by D G Garnett. STRUCTURE, GOVERNANCE AND MANAGEPIENT Trtstharity was e¥iablish8d by a ded8ration oftntsl dalJ 17 Septembw20D4 and uthctyporaled 8S5oa'0n. The PD¥01 apW1n9 n2w TruslEEs Is ve51ed kn the TrLth85. Tnts are 5dected on thJ b&pAs oflheir tsuilEbilily IDth2 thBrfty adwte bwning be ywded, where rwuir¢d. The Trust5 with th¥ duty in sèthon 17151 of cn8rf1ies Aci 2011 to Iwva rwjard lo the 9uid8nc6 puLhBd ty the ChBrity ComMkssn. Th8 Tnth8s meet informally an a reyular ba&s. for are torwAded by the Tntstees and wdnts are ap5xd r¢e&s. Wom1 Twstse Meeng[S held 8Year. The TnL4ttts h•¥E ex•mlned the mlljor str¥legl¢, bwlness opvab"on•l ii5ks ihlt Fd#bn fts and Ore th•1 systems •r• In place to nwlwJate expDwre lo the major risks. OBJECTIVES ANO ACTrVITIES FOR THE PUBLIC BENEFrr cOieG'¥es ofthe cartty are to prcmote or d0p be1 ofthe publlc. the sdence of rneth8roc&l englneerfog In 811 its br¥thes and in p8rtlcul8re9fch resperl ther&)f, and Indudlng (Wit1 Ilrrdlalrml lo provlde 3Ce, flnanEIBI or otheNlse to such bodles. IrtnI and indidu8Is as tho Tfusisos thlnk fil,. lo support and fund such In manr ble To¥te25 think fil,. •nd lo prml8 xh 0th8r charilBble purprtrs 05 the Truste2S 5hEII thinkfil. is lo mHke grant6 to gpplir¥ntsYhth058 aElivthes arB thaiilable. the rraring of tann in Erylarl Bnd Wvjes. in pwtyrAJLqr th0 thin a 40 rddius of RaceslBr. This airn 15 B¢hiè%d by the Trusts idenbty'ng klti81 recipienis and ty PandIT lo regU25ts lor as&8¢. SL¢511 applicants ar8 requlred to demw8ie lh8 TnJ$tses tfot wSpt of the glani ly c11Y Mc88s8ry 10 ttm fulfil thwr own obje¢b¥88. 11 is th8 Tru8t888' n1n Obj ead) yew, so f8ra8 pbie. to apply 811 offv Income for the year knr To Iheextenl thotthe income 15 rol 5thciwl In any yeor, mzy mkedonotion5 frDm Capita. Tr¢ Found•¢ion's wn¢ip41 of funding 1$ In •nnuo1 donabon of £300,0 rè£%d from a Tnjsiaa, Lord Bimfryd DL, wN¢h is by the Tnte& in rneeting its St objKlivas ith rtya Yrrt rn3king and PLy with lo not holdiny resarvBS, and 581lln?nt cf KEYMA14AGEMENT PER8ONNeL REMIINERAIION The consld8r the Board of TN51889 SS the key pergoind of the charfty In charg8 of direcbng and wntrolllng Ihe c1¥ and *d owoung rl¥rtty on g dsy to doy ba3. All Trustees ha¥e Ihplr rne fredy Bnd rn knte2 r2Mun2rnOn w05 pBld In year. Delalls of trusteeexpww5 •TrS rellltsj pllrty tr4ns1cty0nsz disdosed in rth$2 12 oftha act4yJrt%, r88pectivdy.
THE LORD BAMFORD FOUNDAMON TRLISTEES. ANNUAL REPORT I FOR THEYEAR ENDED 31 MARCH 2024 PUBLIC BENEFIT Thg FndatiOn5 alms ye Carria out fr the public ben<. after wn9 due consideration to thè gènewai gJidanLY pub15h&J by th8 Charity Comission. Tris 1$ achieved ltrmugh ing finarrial supput to a number af thariti and gyjd ¢4LWS. rrt81 tha c&leCb cl the FJIktion Thp rnHr&)prafdotion5 totdl&l 3urll2 ra fOr0[S 811 t00r0£1.0oo. A REIIEWOF OUR ACHIEVEAIEFifsAND PERFORMANCE Tnthe5 are p1 thallhe perfTPU[wEthority to acnNelUndS ta meettheobjeCti of1 ch&fjiy by w0dIng wants to appliLkn to fLther their rtSj8cves. finaro815taemerts show an irOrn2 d £338.717 and gBnt5 crfflrrll in the yw kntsNing £161.1 Thefinanrial gateNsaI50 a npt gain an in¥851rnentGofÉ164,839. In the ant50bJe¢WVS. folloir¥ kvy 9rnnlswp mado.. Fu stAn(tr rthTth. loAd Sdterl RESERVES POLICY Tha F0Ltsj8bL 8 kx4icy of h)Itng 11 coerates on the ba9 thBI rren1 Inc¢xn2 Is aPpld in ffloknng gronb. In the eY&llt of there being ary Su1u$0m6 in aw Yearthl)uld b8 a¥14b lorfuiLv•g•nts. RISK MANAGEIIENT T Tntsiees LyWder the chorilys m8iDr finantsal fisk to bè 8tty ofknvests1 This Is m5tba8 by retaInlr exm In¥891ment FINANCIAL REIIFAT There 15 a sutk4u5 on Uryesirkted Fthts0fe2.4.458 attheyeBrond. Is av3ilablefordisknbution as grwts inftrtue period& There vRrB noother MaaItran0rts. LY thetopnwnt4 orirr¢AvlantevenLs olanydlTeGt¢rCe tothe(•. PLANS FOR FUTLFRE PERIODS The FrtKIatiWel£rn re4uestsfor assk5tsncafwts cbltsble org8n188Jrffjs In fuwre peri¢)ts by the TN8te8 in arrdanCei1btr kiry FUNDS HELDAS CUSTODIAN TRUSTEE Ot4 BEHALFOFOThERS ihe chBntyrrf)r BrtyTru$p on its blfhDkls a568tsforaW¢hrity. AUDITORS A Te5dubOn to IALJh & As8uranc81 Urniied as 8udlltys lor the mSr#j year b2 rryr•l at fv re medng of Sigrd on be clth8TnJ51ees by.. SERI App by TIgi88$0n.... ....
THE LORD BAIIFORD FOUNDATION STAIEMENT OF TRUSIEEV RESPONSIBILlnES FOR THE YEAR ENDED 31 MARCH 2024 TrusteesrepOnbI8 hrpTep3ringtheTru5tees' RepDrt and ts finanual stemerrts ID •th 8pkli¢afA8 lawand United ldLn ALuunllny St$ IUnitsJ Krwm Ge[alAteptsdACt(•jnbg Pr8ctic81 Thè lawap41¢lb1e lo th8ritie8 in EwLqnd and W8kns reqr&S Truslees to Yep¥efin¢gI staiwnwts tregckn fingrKkql yearwhlch give a d f4r ihe ste of of the cwty Ihe reSoLy of r0CeS d the dTr4rlty far thal pertod. arh)g ilwe flnaroal ¥la¢enNxts, Ihe Iwsteeso requir¥J to.. sdecl stsbIe acCL pdiEiBsand then aY thern ctytsthnuy", QbseryethemeUJs thrKiF48s in the akwlSc8¥8 (lrarfties SORP, ke15)Trts 8ThJ 8Sbffwles iho18rn re88wth * pnjdenl.. state thether apFIe &CLY)unbng h&vtr Lw) tsll¢J, ts1.l to any matedsl depwwres di8dcl 8rn1 eWainJ In th& finartial staithn18'. prep8re i1fin81 staleDnbon the bgsls Un5$ il is ingppYopn8te to prpsumBthalthetharityill rthinw ilsBcUwDe5. Tru8te8s are resymsSble lor ken9 suffthnl •Kounb"TrJ wPi¢h disd¢è rèasonabaCts at arty tho wtson chartly to them to ensure that Ihe finaal statwDents the Charilitis Ath 2011. ts Charity IAtctyJrtÈ and RepDtsI Regulalknns and the Pm¥iLTh ¢tr the irLtst deed. They are also respOne ts $9ftyugrding the 858ets cl the 8Dd h8n( fc¢ taklThJ reaxm•ble Stspft¢the preVentr and dete¢b offr*Jd and ottwiffegbvaS.
ThE LORO WAFORD FOLNOATKIN INDEPENDENT AUC4TOWS REPORTTOTHE TRUSTEES OF THE LORD BAMFORD FOUNDAIION FOR THÉ YEAR ÉNDED 31 IAARCH2024 Oplnlorl We ha¥e thIed finanoal stslefflqrt$ Thè 8arrrfLyd Fndab year 31 Marth 2024 which r£¥npn8e of FITr1 A¢ti%itie5. tho 8#iance Shtet and tè rèlaby htstes. Thè financi•l reporbng fr8ffwork that has b88n 8ppli6d In Ibr preparabèn is )plicablE lawand Ihiled ngdOA(cli[¥Y Slandard% induding ResNjtj Standard 102Th8 FlrorKi81 ReporbNJ Stsndald8piC8b1e intkp UK arnj Rewblic Of1rd IUri18d KJnoJom Accepted Arthnbng Pr8cbcel. - SITh 8 trLÈ and far wew of the transaftho cl the Charitys affoirs BS 31 31 K4arth 2D24. aThl (xf 115 incomirvj rEr¢e9 an p12[1 rQr£sOrthe ye8r then . hBve been rmperfy lnaxx)rdarwith UrMteLI Itingdn GerEr¥ltykrryled AIKNmtit4 Piadtr." - hH¥e bBBn rry3r in acCordan1h thp CJEribe5 Act 2011. Ba51sforoplnlon We LY)rwJuried our wdit In 8ccord8nce Wilh lntwr4V8I &8tards on Auditiro IUKI IISAS ILIK)) and 4)plicable law Our r£5pir61biliiies wder IIThB stam1w3 are in IIE tÈ$flbililies for the audl ot th9 findrbiAI stBtefflents section of rwrt. W¢ are indewdentotthe ch8rfty in acco8nrfj ethicAI thatare relevantto our audit of financ anerrt5 in UK. indudir FRC'5 EthiG41 Standard and we ha4E fulfilled r (khEr etPical reswhlbl11t1es in accLrdwKe YAth requiretnen15. We bdievE ttxt au(t dEre have obtEired issuffiaertendakyrqjriata io idea ba$ftxtyJropirrion. ConEluslon8 90in9 conGgm In audilirKJ lh8 firAnoql stal8rnMts we how corduded Ifot we of 9Jr¥J bi¥$ of In the cf finand81 staten%nls 15 arvvpriate. Ba the wo hpve p¥Formed, we hB¥e not Idtle0 any rr•l¥itil urt•rtainti8s rdatsNJ to &TXS or eondititrts th•i Inthduolly (Y cdlecb"vety, MBY doubt thB alIty to tinu8 as a sx¥ry (¥)nM fcr a pwod d al least morth frorn tr finanda 5mn ara a0[18610r1Ss. resprmI"b"e5wd reEPDrffAbilitvas0ftr£trt1ih rns•bJ g)iT¥ cLYqrn d8<W in th8 rel1 ofthis ryut. Other InfarmatlDn other inform•tion wprises inftm)8ti ir•t&Y in th)rLI rewrt. cthw th&n tl fiwdal and our 8udW8 trree. The In are ftr Olher iDfC81Ion. OLf opinion cn ihe fin8nD81 sta11$ NJI ¢o%r11o otrr infcth)815 and w& do not )y lomi d 88sur8nce Ihve(ffl. ITr ¢wnecbon wth wr a111 of the finoroal s¢atemenls, our re5por6ibi1 ts to read Iho other inforn Brnl. In dolr#J 80, txn51du whelhu the other 1nfcrfrr@ll( Is r1allY inc4]n51Pnt Ihe finBncd 51atwnenls or knovA&¥ge oblalned in tre •udll cf clherfvisti apptars to bè mèt•ialty missiattsy. If idttWy suth m8bial Io$n)eS c¢ préni ma¢¢ri•l rr&sleMnt5, we lo datemina Ih8re is 8 t81 mis8tal8m8th in finaral atertS LY a nwterl mi8Stmerf ofth other InformHtion. If. baséd on the w& have rf¢M, conthde th8r Ih8re18 8 nwlerial nNSgtstemert of Ifds cth¥ infcmiion, wè are Liréd to r8PQrtth8tla¢ Wèhabt rekhyt Inthis r&jar. Matters tsn whkh wè ra4uired to report by•xcWon We have rllAhirvJ to WLYI in rBspBcI cl the fdltrhiTrJ mallers in rdabM lo ttl¢h the tieS IAccou •nd Rwtsl Reswlth)ro 2008 requirn to 10 YOJ rf. in cwOnirm'. - IhE Irrf1bon in IhEttusleES' [EpUrtiswJ$kn1 iri8trymtial respect1th the finan gtatementh." or . TeLuds rba80 Wt . arefi in attounbry rOrds.. or . we have 811 the irf0mtKinBnd expLqnatiorts refr5udit. R¢wortsrfJillt of trustees As eXpLi1r mDre fully in th2 tre$, resbilItiES5laern2nLSet (yjt p89?4. thB tntslS 8 wonbk8 thB prePhLQf thpfinancial stoentS atvj bang satisfied that tw gve 8 tr t81r. and for such iniurd contrrj as dewTryne is re££ssw to able theprepaWb a[ree1M maknal missl8i&nent, trdel0traL ore1r. In Fxeparing th2 finanud stmEnt& thB bu51eES aTF resp6 Charivs abildy to 8$ 8 going corKern. ¢55CILrvu. as •ppliGaL48. tter¥ to goiro Cor and LS1ry the C(£M b39$ of acr lesS Iwees &ther intsno to liquidate lh8 CharityortO¢Easec$)er8b'o. ¢rlw¥erKJ bui to doso.
THE LORD BAMFORD FOUNDATION INDEPENDENT AUDITOR'S REPORT TO ThE TRUSTEES OFThe LORD BAMFORD FOUNDATIO14 1<4 FOR THE VEAR ENDED 31 IIARCH 2024 A¥dlWs rWpQ1tslt1tlHf0r •udM oi Ihp nnanrf•l ¥tstqnnIs We have beai arOrrted 8s audtor lder sedrAI 145 of the Ad 2011 and rtyort in accLYdEnce with the Ad and relevant reguLAIIv4 mthdèèr1r9 eff¢cttrweLmd¢r. Our rtsiths 8re lo ebtsin reascna¥8 8ssumrteab¢I Il ffinar slnxDts 890 Wfiole are fve8 from ma81 nXsl8tl. YthethBr due to or . 8nd to Isgje an auLltorfs rerKrt th81 indkths wr wThon. a5swsrre a Pigh k¥el of essur8n. but 1$ guaree that Budll coNknLted In BccordotLE¥ith ISAS IUKI ¥%ill tete¢t a material nbs51atsmil whBn il est. Mssloi&ments can artse firrt fr•Jd ar 8nd arè considered mari81 rf. iTh1iwdually or in the 8wJat8. Ihey uuld rea8cfthly ba e¥pted to infiLrtt deasK]rOrWers taken the LEsis ofttsB fin3rKial Stslern•ts. IwuL8hb88. Indudir4 frA. th8WC8s d T¢0Mpl8r8 vlth Fegulatio. We ign r88 Ilne %•lih respwl1 (rtthlined abov8. to Ma81 mlssiai•Thnts in respKt rf Irroguladuos, IrKludire fvlud. The extent lo ¢b tyjr yo¢dures are <sp8bl? dthtyroJ irregjlaribes. lndudirvjfrd isddailed b.. Analytic w•$ lo Und¥51• of tharitys resurts rry y¢zr, adding I11 into awtss r4 the fin0r0 s10t•MlS to fith8r rKwtrate te5bng, BFon9wih iniiTal orlay wulai10 that couw mthially tho fincial statemeDts if rrfjrklOn¢e urred. Ojr pmcedm inw)1¥8d 18Stin9 trf a populabm g•mple 6r1 a11818 Infcm?Icfi, and dL8¢)MH)rns man8yemBnl to gath8rthereq wdertt tosJ)5t8nUate the bglarrery fiwre bwn9?wStgJ. Our 8sses1 of tr88 laws sThJ did not spedfic la Ind r•1$, out¥de the rJmW ge¢ I 9o¥trlng tlse b"ties. fvtyujld rnabially affedfvfinBrrAal statsmwts lfnorFice ocojned. testing indiGated twere no ir6tsrw of non- owli4rKe th85e laW6188d¥J tomthriÈl misstaitrrnts in ofirregA8rbbe& inc1n91u. A de5cripUcfft of our resnlItIeS for th2 ol the fill5B1 Stater i& locBknI on Repordng CoLnra's ¥bslte 81 W.frc0ty.LjathrsroNbilIDès. Thls do8cthpUon ft¢ms pwt dowauditof8repon. ofourrewl Thls rgicrt Is mBde 8oldy lo the InL4lees, a5 a body, In aBconlSnceth Port 4 al the thrftie5 IAccoLrt8 Repfmts) Regul8U$ 2008. Cts awjil has bwi wOwt¢ken so thol wa might Sta to thè bus6s Ub)se mattws are relred to stale lo Ihem In an audi$ report and for no ¢)ther purpose. To fiJles1 exleth mIlld bylaw. Wt do rnt 8¢e8pI ( 8ssun respbIlity to aDyone other IPon Ihe th L$ trustees as a boty. ft0ur8uthlfft. fortrs repwL orfortheopinn5 h8¥elorwl. (Audit &As8urancel LIMI1. StatoryAWj1g PO Box 165 wirtcn Hwse Sloke RrAd Sloktron.Trent ST4 2RW D&t6". I11 8 Assurance) is digible frA apwAntmBnt AS auditor af tharity by of ils agibility a5 audi¢orof 8 conyry wtrler seth(Jn 1212 dthe Companie5 Aci 2
THE LORD BAIIFORD FOUNDAMON STATEMENT OF F114ANCIAL ACmVrnES FOR THE YEAR ENDED 31 MARCH 2024 Unr•rlct8d Fund• 2024 T¢xal Funds Total Funds 2023 IIICOME 300,000 300.0 SD0.0 In¥trn•rltr 29,27D 9,447 29.270 9.447 27,748 1.425 Interest vab TOTAL INCOIAE 338,717 338.717 329.173 EXPENDrruRE Cc6ts 01rg{und. 13,970 13.379 Gratts 161,000 7.456 161,000 7.458 B8nk th8ryJOS TOTAL EXPENuRE 181,a37 181A37 112,181 NET IIKOME AWD NET IIOVEMENT IN FUNDS 8EFOREGAINS AND LOSSES ON INVESTIIENTS 156.880 166.880 216.2 Net981rOsI rffiinve5trwts 164,839 164,839 175,0941 NEf INCOhlE FOR THE YEAR 321.719 321.719 141.898 REC014CILIAMON OF FUNDS Tot81 lund5 brrJghl knyard 2.16&739 2.166.739 2,026.841 Totsi fuThSs ¢4rfta(I loard 2,4),459 2.490.458 2.16e.739 lthe fur*s aftr£ thrity e unrestriEt&l funth. Th8 mtes cn p¥s 910 12 lom psrtofthe88f1r(1 stsiewffits
THE LORD 8AIIFORD FOUNDAMON 8ALANCE SHEET FOR THE YEARENDED 31 MARCH 2024 2024 2Q23 FIXED ASSET8 2,405.498 1,981,293 CURRENT ASSÈTS Cash al bart 172.465 215.750 172.465 215,750 CREDITORS: Amoun16f¥llin9 du•within anoyoar 17,5051 113.3041 NET CURRENT ASSETS 164J60 202,446 PROVISIONS FOR LLlBILEs AND CHARGES 10 180,rKKJi 116.OTrJl NAssET$ 2,4.458 2.164739 Th• lunds Oft th•rlty'. Unresth¢j 1MefUJS 2,4W,458 2,16&739 TOTAL CHARITYFU14DS 2.4,45 2,16&739 These Fi 'a 8taternentswnrE apprnvqd bythll Tru*2Es un thE. and aa 5iunlld on thEir bthawby.. SER The nrtgson pag85 9t0 12 fc portofiiE5E firorKi•l stat¥nentS
THE LORD FOUWDAMON NOTES TO THE FI144ClAL STATEPIEMTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNMNG POLICIES B•$ ofAcCnIlIVj acuurts St•tWls) ve bean Lwder the cost corryenU¢ ¥wih items roccwised at cost or tr¥ns8cUon Value lesS othpThtsise stated IhE rdevrt Iitrte5 to the 8¢£yJts. The fin8ntl81 statlaTht$ h8ve en w8P8r•J 8cr)xd•K8 wilh th& Slalemenl of RecQ¥nmEndj Pc.. AccoLmbng Rewrtiffj by Ch8nbes yep8ring tyBr coum5 in accordae with Finaro81 RewTbny Stsndard applKa¥e in UK Repthlic Ot Ifelarnl IFRS 1D21 issued ill lknber 2D19 and Finow81 Slandard apaLl8 in th& Lkniled arKI Rewli¢ of Irel IFRS 1021 thÈ (tharibes A¢# 2011. The oLl stwrvtsl bEen ttt gve a'lrue and and depArted from thaeS (AolL8 ams RewNbl RUl10r0 ontytrj the extentrequir&Y io INe and Thi5 dep3rhwehas inthed Accounlingand Re. by Charities. SlalemEnt rl ReconwlltyY acti applKatAe Iv chbe5 weparing IhEir accL¥Jn15 kn acNar th thE Fina Reporring Stdard appliCae in the UKand Republic of IrdJ IFRS 10211e0 kn (hxober 2019 rath¥th9ntrÈ ACcoLn98nd RA)yb"ry byCharIti &ateThertofRerAxnThThkd PraLcg 1 Awl 2005wlith irenlIhllra1. trLSt th>1U[8$ A wblic benalt Bnlty a5 dpfined by FRS 1Q2. The finanual stBternEn15 are PFEparEd in £ 5tErfiny. th2 fimLonal oFthe tharfty. TheTrUsteeSrderthtIh¢ n9Mten£t uncertanti8S about the 8billtytOfJ>lbW859 golffj ctsxem Tro ch•fjWs pSnopal 8tyJrc8 c4fvnding188 don8vonfr(Th a Tnthe8nd Is StriCted. Inv95tm•nts In¥esknaits are a form of bEsiB fIna[la1 inEtrum)18nd are InallY OgnIsed at transadrffj valug and subswwwlty measured at IhirflirlL 8¥ all bal sheet dab Lkng ts cjoylng qurthl rnorkel Ce. Thp thrnerf rfinanciYJ retgplns d1055e5aDwy on yevaluati aryj dws8Lq ilwowwt th8 year. Roalirqd giM loMe• All gains and Ios8es arn lakw lo sta181 d nI1 Acts%itse5 0$ itw •rise. R•olixd gBlrKS •id lo$5es on •rp ¢•kJJl8ted as tbe bthE sale5 end roerwg rarrying wah orthr puthse wdlue il acquired sthtyuenl to the fiTSI day of the finandd year. ihyeallsed gains arvj IsS?$ sre oIrted as beiwe8n the f•rvalue at yearend 8nd trir iTrJ v•lu•. R•ali&&J and urttalised inv8sbn8nt gn$ and kJg888 are ¢¢mknned In Stmeniof FIn81 Acovlues. IncL¥np All lTrxime 1$ reo)ynistd onctrth• 10 the Income. ItL8 woWothgtthe IeIll be rec•¥d and Iamount dth• inc4wne receIvablen bemb rdiably. tlcwts¢n6 areaGraYmw inth&p2riod in¥Jhich thecharity to Irlmntin¢C•MoIs 8cwJrtsJ forknthe perf( thBrfty Lqentidedlo recdpt. Ll8¥libe¥ we recc4rrised as eXpendIu as as thEre a lryal or¢xnsknxb¥é obligation Conltn9th thsrity bj th&tw8ndibx6, it 15 prob8¥eth•l$elU¥ntntYth bèrt4uirtsJ and the 8mtyJni ofiha obliga c•n te nw5ufeLI rbly. Exli2 e£¢edfOr0n ) &£nlS b898. with rn orKeawo¥vJ by Tn&ees. Finan¢ll InrUmn(l Thp (haty (lY has fina[1 assets and liabilile5 of 8 that qudfy bogc finarrkil Basic financial are iiibalyGlWll SubSeqnI mea9ur& 81 theirsetUemenlvolu&. Short Term Debtor5 and CrBdltors DdJtLYs anLI (¥Edit(¥S YAth no intertsi raie and [vaNe or p3yable lIkIn one ar we record2d at trarwthon Ce. Any losses tsingfron invimntarP recogr15 in 81atervtrf Acbvities. Lonp Tlgbtsrs widCtÈdit(J DebtU5 and (Tethi0 yare initially reccd&l gt Ir8rtsaCbr pri. Althe end ott£ rwbng 1. tl debtS and credit5 are d15L¥yl& io llEI wesvalue. kn Ios8es 8rfslro imp8imierl we rwri8ed in the SI8i>Mff FEvKi81 Forqtgn Currgr Tr8ctiOnS in LJJwetKies DrnJBd ai exh8n98 rate rulin9 al ¢Jate cl twffj•dlon. 8t1ry and Ii8Lxliti88 detKYnirthd in foreign DJnYrKA88 8re retr9rda ot dwng rele5 8t tre b81orKe theet dHtB. All exthgnge dlffeMce5 are indu(d In Ihe wtht8nd kn$58Ccnt STAFF COSTS ANDTRUSTEes REIIUNEIiATION Tle re Tr) $1orf cots incurred thjring thts year and Th) Urr8OTr or 8xp•78es h8¥ bew pakl lo Tntstees In r. C8rt8in ofJCB¥e used bythE Fndatif m8na9thn•* aTrJ a1m1nk8trw pwp¢)ses ts ch nO¢h L8 mad8.
THE LORD BAIIFORD FOLINDATION NOTESTOTHE FINANCIAL STATEMENTS FOR THE YÉAR ÉNDED JI IAAR¢FI 2024 INVESTPIENT INCOME Unrestrlcted Fun 2024 Unrwirjcled Fun45 2023 UK -Equitie8 -Fixed Yrterest . other inve8bn8rts Cfver8eab -Equibes Cash balaThce5 -knterEs1 7.365 3.487 5.266 522 10.857 5,272 1,370 29,270 27.748 INTEREST R8VABLE ur0rie1•d Uw85tr1ct¢d Funds Fund6 2024 2023 Bank In1eTe5tV&2 B.447 1.425 ANALYSIS OF GRA14TS Vnrn¥trt8d UnrEJtrlctpd F¥nds Fund• 2024 2023 Trfdl¢Jwiry mad• ID Iho y88r. Fr$re kne Restoraban c0ThIttee 25. 25.C(K) 25.to) Injured Jotheys Festival IAediG . Jam85 Do Jo Runnlng for Hammle HOPE f(YTonxwruw CIdrj Local Hlsw Soclety CMC Fuiure stAn1r Churth. Ktrqham IDwd Salierl 1.0110 ao.orKs 80.000 161.000 79,500 are pgid in acryxdance with thg DbjeGb¥os of tr ¢h•rity and We ld t¢ kyomde 9eMral fun4ting W 5p%ifiG fwdiry to the r8C4pvarts Unrestrlcted Futhths 2024 untrICtd Funds 2023 RN¢IllI10n of want8 pay•bl•'. Commliments at 1 April Cthmmthnts made intr year Grwts pgkl Ihe yeBr 15.CO) 161.Cth) 196,Cthl 164.SCrt)I C(thmithnts 8131 Mwch 15,CYJ See 10 for detBlls af co&entS Bt31 Plarth2024. GOVERNANCE COSTS UnrestriGtsd Fund• 2024 UnreBtrKted Fu• 2023 2,916 4.542 ALlIfees-Th8 aLKIt dthe chari5 annual 4.026 7,468 6,879
THE LORD BAIAFORD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR ENDED 31 MAKH2024 NET GN5LO$sEs1oN INVESTMENTS 2024 2023 Reaised gainll1055lon invesbnenl 8ssets UrlIsed gainl(Ic6sl IrweslmI 8ssetS 135,187 29.652 149.07TI 128.017) 184,839 175,0941 114VESTMENTS Moyamtnt lth market value 2024 2023 Mart•tv4ueal 1 Aprtl Aow"sSUcffj 81 crKFt ses prOd Nèt yainqh)$41 on r8V81uaiion8 Jet nX>verl ifj liqd a55èts and depts 1,981,293 5,239.375 14,726.e911 164,839 1253,3181 1,954,516 767.373 I63T.8) 17S.0941 1127,9641 Marketvdlueat 311ts 2,405,498 H1ClI Msiat31 2,37S,B48 1.842.296 T1¥8$b8nts wa8Thy8ed ss.. 2024 2023 UK - Eoulb'88 - Fixed interest . Other in¥e5trne5 176.225 417.&57 21e.971 809.853 - Eouibe5 .Olhar invatherts J4260 113072 2.405,498 2.405,498 918.122 Cash b81C8S 253P18 2.405.498 1.981.293 The1dlry in¥estmenl$accrxmlftf mL¥8 th8n 5% oflotal inve51mMts'. 2024 ZQZ3 Inveseo Plw"c81 ETC J8ry¥ Hambro HarAw Balanced Fwd B£ kc 100 CREDITOM$: AXIn1 f•lllng du• ono y 2024 2D23 Othw ueditc 10D 7.405 6,625 6.679 7.505 13.204
THE LORD BAMFORD FOUNDATION NOTES TO THE FINAJKIAL STATEMEPITS FOR THE YEAR EMDED 31 MARCH ZOZ4 OTHER PROVISIONS ZQ24 2DZ3 ritable Commitrents 15,(ts) The Fojndallc ha9 agreed iomeke ch8dtablB ye8rdIrj 31 March 2024 ,ODD 1S.(KK) 80.ODD 15,t¥)J ANALYSIS OF NET ASSEfs BETWEEN UNRESTRICTXI FLINDS Cumt ABsels Currgnt Axed A8$0ts Prov151ons Tot•1 Urnesbfjttwj fthjs 2,405,498 172,465 17.5051 180,0001 2.4,456 Thwe 1$ 8 funds d£Z.49D.45B al the yea end. Ufiresbicted fLwKls comprise the tund5 wlxch the TnleeS are frEe la ill alrdce wih tharitsblè obj8¢ts. 12. REIATED PARTYTIiANSACIIONS The Foun6*"on ha$ rec8i¥ed don8liwts of£300.UDD12U23. g2.(J). frrqn a TtU5tEe, Th8 Lotd Batrrfotd DL. -12-