Fox&Co Professlonal, Local & Affordable Accountancy & Taxation Services CHARTERED ACCOUNTANTS REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Charlty Number: 1106636 Unlt l. 8•nn•tt Hou Nornlch Str¢•e Dereham Norfolk NR19 18X FThon¢.' 01362 654344 ICAEW CHARTERED ACCOUNTANTS Fox & Co Chartered Accouftt&nts Otr•¢¥Jr, A KA Iw A C• Urt•d TIA I C• EA un Charlty Informatlon Trustees Report Independent Examlnerfs Report Recelpts and Payments Account Balance Sheet Trustees Mrs L Elseqood Ms A Matless Mlss L Elsegood Mr J S Dickson 8SC { Hons ) MR Pharms Rqlstered Offlc• 33 Levishaw Close Buxton Norwlch Norfolk NRIO 5HQ Accountsnts Fox & Co (Anglia) Limlted Chartered Accountants Unlt I, Bennett House Norwlch Street Dereham Norfolk NR19 18X B•nk•rs Barclays Bank PLC Lelcester LE87 2B8 The Trustees 5ubmlt thelr Annual Report and the Unaudlted Flnanclal Statements for the year ended 30 June 2024. The Trustees have adopted the provisions of the Statement of ftecornmended Prnctice ISORP) 'Accountlng and Reportlng by Charltles. revlsed In 2005 In preparln8 the Annual Report and Flnanclal Statements of the Charlty. The Charlty was set up on 4 September 2004, wlth the alrn of helplng and supportln8 people wllllng to try LDN. whilst raising funds for cllnlcal trials. An additional aim was the development of an LDN App/Hub, with the data acquir•d to b• u5•d 4nonyrnously to assist wlth rllnlcal trlals. To achieve these aims, we are worklnq on LDN docurnentarles, together with organising an annual LDN conferen¢•, and also an LDN Awareness Week. Cirryln8 out of vldeo Interviews wlth LDN researchers, prescrlbers, pharmaclsts and users around the world. Revlew of Actlvltl•s The actlvltles and finjnclal results of the Charlty are set out In the Recelpts and Payment Account on pages 4 and 5, and the statement of assets In the B•l•nce Sheet on page 6. Thls year has again seen a successful conference, Jnd we have also been able to put fllm a new documentary and publlsh a new book, wlth the 41rn of Increaslnq awareness of LON, and workln8 towards Investment In cllnlcal trlals. Governance Company and Charlty Law requires the Trustees to prepare Flnanclal Statements for each financlal year whlch glve true and fair vlew of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparlng those Flnanclal Statements, the Trustees have. selected sultable accountlng pollcles and then applled them conslstently,. made Judgements and estlmates that are reasonable and prudent. stated whether appllcable Jccountlng stsndards have been followed, subject to any materlal departures disclosed and explained In the Flnanclal Statements; and prepared th• Fln•ncl•l Statements on the golnq conc•rn b•sl$. TheTrustees have overall responslblllty for ensuring that the Charlty has appropflate system of controls, financlal and otherwlse. They are also responslble for keeplng property accounting records whlch dlsclose wlth re4sonabl• accuracy it any tlme the financlal positlon of the Charity and enable them to ensure th•t the Fln•nclal Statements comply wlth the Charlties Act 2011. They are also responslble for safeguardlng the assets of the Charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularitles. Thls Report was approved on behalf of the Trustees by: Mrs L rtElsegood On Date We report to the Trustees of the LDN Research Trust on our examlnatlon of the accounts for the year endid 30June 2024. Respectlve Responslbllltles ol Truste•s •nd Examlner As the Charity's Trustees, you are responsible for the preparatlon of the Accounts In accordance wlth the Charlties Act 2011 ("the Acf). We report In respect of our exarnlnatlon ot the Charlvs accounts carrled out under sectlon 145 of the 2011 Act and In urryln8 Out our exarnlnatlon, we have followed the applicable Dlrectlons Ilven by the Charlty Commisslon under sectlon 14515)Ibl of the Act. Basls of Independent Examlnerfs Statement Our examinatlon was carried out in accoraance wlth the General Directions given by the Chartty Commissloners. An examinatlon includes a review of the accounting records kept by the Charlty and a comparlson of the Accounts presented wlth those records. It a150 Includes consideration of any unusual items or dlsclosur•s in the Accounts, •nd seeklng explanatlons from you as Trustees concernlng any such matters. The proc•dur•s undertaken do not provide all the evldence that would be requlred In an audlt, and consequ•ntly we do not express an audlt oplnlon on the vlew glven by the Accounts. Independent Examlnerfs Ststement We have completed our examinatlon. We confirm that no materlal matters have come to our attentlon no matter has come to our attentlon In connectlon with the examination which glve us cause to believe that, In any material respect . •ccountlng records were not kept in accordanco wlth sertlon 130 of th• Art; or b) the accounts do not accord wlth the accountlng records have not been met; or We have no concèrns and have come across no other matters In connectlon wlth the examln•tlon to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Fox & Co {An8lla) Limited Chartered Accountants Unlt I, eennett House Norwlch Street Dereharn Norfolk NR19 IBX an aren ne2 50773 3558 15015 Membershlp & Affillates Donatlons Sponsorshlp Crowdfundln8 Adverts Woblnars Ebook New Horlzons book Weather Lottery Other 47955 136140 5396 269 4560 32812 3377 8469 2266 221 206 162 107355 Totsi Fundr•lslng Income 210824 Al 52424 6036 18635 23020 76 1223 Conference Book Royalty Masterclass Llvestream Tralnlng Bank Interest 10852 17997 14251 1454 101414 Totsl Other Income 44554 £208769 Total Income £255378 nd oj in s• Prlntin8 and Stationery Postage Other Fundralslng Expenses 21771 5785 20 11657 5290 27576 Total Fundralslng Expenses 16947 9776 31054 Travelllng and Subslstenct Conference and AccommodJtlon Documentary Filming CME Credits Advertlslnl and Marketlng eBook PR for Conference and Book Offlr• Telephone and Broadband Computer and Softwar• Accountancy Fees Bank Charges Webslte Exchange Rate Loss•s/(G?ins} Sundry (Note 11 12625 25976 14140 7137 19073 524 14400 1204 1789 6516 534 3299 7200 4460 2411 7459 1521 2631 6736 534 6468 9078 8ti2 1666 109377 Totsl Other Expenses 89696 136953 Tot41 Payments 106643 £71816 Surplus for the Year £148735 rr 40537 332905 67212 Paypal Attount Barclays BPA 8•rclays Current Account Treasury Deposlt Shopify 53667 154359 48512 331)000 366 4829 551 1793 £442998 £591733 Represented 8v: 371182 71816 Balance 8/lwd Surplus for Ihe'¥ear 442998 148735 £442998 Balance Clfwd £591733 The Flnancl•l Statements were approved on behalf ol the Trustees on . Mrs L Elsegood (Tr Sundry Expenses comprlse the lollowlng: Informatlon Commlssloner Compllance Refunds Professional Fees Mlscellaneous 35 526 162 772 171 £1666