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CHARTERED ACCOUNTANTS
Professional, Local & Affordable Accountancy & Taxation Services
LDN RESEARCH TRUST
REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Charity Number: 1106636
Unit |, Bennett House Norwich Street Dereham Norfolk NRI9 IBX
ICAEW CHARTERED ACCOUNTANTS
Phone: 01362 654344 Email: foxandcoanglia@btconnect.com Website: www.foxandcoanglia.co.uk BR isccvcon Fox & Co Chartered Accountants
Regulated for a range ofeae business activities Director; AM fox FCA am & 3.Pee Umited jit Co by the Institute of Chartered Accountants in England & Wales Registered in England Company Registration No; 5820689
LDN RESEARCH TRUST
Accounts for the year ended 30 June 2025
Contents
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|---|---|---|---|
|Page|
|Charity. Information|1|
|Trustees|Report|2|
|independent|Examiner's|Report|3|
|Receipts and|Payments Account|4|
|Balance Sheet|5|
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LDN RESEARCH TRUST
Information
Trustees
Mrs L Elsegood Ms A Matless
Miss L Elsegood Mr JS Dickson BSC ( Hons ) MR Pharms
Registered Office
Accountants
33 Levishaw Close Buxton Norwich Norfolk NR1LO 5SHQ
Fox & Co (Anglia) Limited Chartered Accountants
Unit 1, Bennett House Norwich Street Dereham Norfolk NR19 1BX
Bankers
Barclays Bank PLC Leicester LE87 2BB
1
LON RESEARCH TRUST
Report of the Trustees for the year ended 30 June 2025
The Trustees submit their Annual Report and the Unaudited Financial Statements for the year ended 30 June 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ revised in 2005 in preparing the Annual Report and Financial Statements of the Charity.
The Charity was set up on 4 September 2004, with the aim of helping and supporting people willing to try LON, whilst raising funds for clinical trials. An additional aim was the development of an. LDN App/Hub, with the data acquired to be used anonymously to assist with clinical trials.
To achieve these aims, we are working on LON documentaries, together with organising an annual LDN conference, and also an LDN Awareness Week. Carrying out of video interviews with LDN researchers, prescribers, pharmacists and users around the world.
Review of Activities
The activities and financial results of the Charity are set out in the Receipts and Payment Account on pages 4 and 5, and the statement of assets in the Balance Sheet on page 6. This year has again seen a successful conference, and we have also been able to put film a new documentary and publish a new book, with the aim of increasing awareness of LDN, and working towards investment in clinical trials.
Governance
Company and Charity Law requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those Financial Statements, the Trustees have;
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° selected suitable accounting policies and then applied them consistently;
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° made judgements and estimates that are reasonable and prudent;
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e stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the Financial Statements; and
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° prepared the Financial Statements on the going concern basis.
The Trustees have overall responsibility for ensuring that the Charity has appropriate system of controls, financial and otherwise. They are also responsible for keeping property accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This Report was approved on behalf of the Trustees by:
Mrs L Elsegood On
PUPDate ES co
2
LDN RESEARCH TRUST
!
nt Examiner’s Repor Tr rch Tr
We report to the Trustees of the LDN Research Trust on our examination of the accounts for the year ended 30 June 2025.
Respective Responsibilities of Trustees and Examiner
As the Charity’s Trustees, you are responsible for the preparation of the Accounts in accordance with the Charities Act 2011 (“the Act”).
We report in respect of our examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out our examination, we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner's Statement
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in.an.audit, and. consequently we do. not express.an audit opinion on the view given by the Accounts.
Independent Examiner's Statement
We have completed our examination. We confirm that no material matters have come to our attention no matter has come to our attention in connection with the examination which give us cause to believe that, in any material respect :
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a) accounting records were not kept In accordance with section 130 of the Act; or
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b) the accounts do not accord with the accounting records have not been met; or
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ee Fox & Co (Anglia) Limited Qiyo.as Chartered Accountants ‘ Unit 1, Bennett House Norwich Street Dereham Norfolk NR19 1BX
3
LDN RESEARCH TRUST
forReceipts the yearand endedPayment30 JuneAccount 2025
| 2024 | 2025 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| FundraisingIncome | ||||||
| 47955 | Membership.& Affiliates | 40057 | ||||
| 136140 | Donations | 85816 | ||||
| 7000 | Sponsorship | 44642 | ||||
| 5396 | Crowdfunding | 1875 | ||||
| 3377 | Webinars | 2058 | ||||
| 8469 | Ebook | 4826 | ||||
| 2266 | New Horizons book | 1017 | ||||
| 221 | Weather Lottery | 180 | ||||
| - | Other | . |
2108245 Total Fundraising Income
180471
Other Income
- Conference 6160 10852 Book Royalty 8004 17997 Masterclass 23334 14251 Livestream 19257 1454 Bank Interest 13664
44554 Total Other Income
70419
£255378 Total Income
£250890
4
LDN RESEARCH TRUST
Receipts and Payment Account for the year ended 30 June 2025
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|---|---|---|---|---|
|2024|2025|
|£|£|£|£|
|Payments|
|Fundraising|Expenses|
|11657|Printing|and|Stationery|7956|
|5290|Postage|2125|
|-|Other|Fundraising|Expenses|79|
|16947|Total|Fundraising|Expenses|10160|
|Other|Expenses|
|12625|Travelling|and|Subsistence|15889|
|25976|Conference and Accommodation|6544|
|14140|Documentary|Filming|78657|
|-|CME|Credits|3916|
|7459|Advertising|and|Marketing|18870|
|-|eBook|2533|
|-|Direct Wages|2252|
|1521|Office|1618|
|2631|Telephone|and|Broadband|2908|
|6736|Computer and|Software|4844|
|534|Accountancy|Fees|582|
|6468|Bank Charges|10568|
|9078|Website|-|
|862|Exchange|Rate|Losses/(Gains)|2807|
|1666|Sundry|(Note|1)|5359|
|89696|Total|Other|Expenses|157347|
|106643|Total|Payments|167507|
|£148735|Surplus|for the Year|£83383|
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5
LDN RESEARCH TRUST
Balance Sheet as at 30 June 2025
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||||||
|---|---|---|---|---|
|2024|2025|
|£|£|£|£|
|Current|Assets|
|53667|Paypal|Account|10004|
|154359|Barclays|BPA|114604|
|48512|Barclays|Current Account|97998|
|330000|Treasury|Deposit|-|
|366|Shopify|-|
|4829-|_—s—|WiseIgnis Asset|Management|-__-4510450000|
|£591733|£675116|
|Represented|By:|
|General|Fund|
|442998|Balance|B/fwd|591733|
|148735|Surplus for the Year|83383|
|£591733|Balance C/fwd|£675116|
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The Financial Statements were approved on behalf of the Trustees on BLLOIZS.......
Mrs LIS a
6
ee
DN RESEARCH TR
For theNotesyear endedto Accounts30 June 2025
i Fs Sundry Expenses comprise the following:
| Information Commissioner | 40 |
|---|---|
| Compliance | 67 |
| Refunds | 1570 |
| Professional Fees | 3219 |
| Miscellaneous | 463 |
£5359
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