Charity number: 1113796
THE LIMBOURNE TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE LIMBOURNE TRUST
CONTENTS
Page
Reference and admlnlstrative details of the Charity, its Trustees and advisern
Trustees, report
Independent oxamlnerf8 report
Statement of financial activities
Balance 8heet
10
Note8 to tho flnanclal statements

THE LIMBOURNE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED S APRIL 2024
Trustees
Elisabeth Anne Thistlethwayte
Katharine Thistlethwayte
Andrew Nathaniel Eastaugh
Penelope Chloe Heath
Charity registered number
1113796
Principal office
Downs Farm
Homersfield
Harleslon
Norfolk
IP20 ONS
Accountants
Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Nornvich
NR1 1RE
Investment Manager8
Barratt & Cooke Limited
5 Opie Street
Norwich
NR13DW
Page 1

THE LIMBOURNE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the Charity for the 6 April
2023 to 5 April 2024. The Trustees confirm that the Annual report and financial statements of the charitable
company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice ISORP) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS102).
ObJectlve8 and actlvltle8
Pollcl08 and obJectlve8
The charity has wide charitable objects, which encompass the benefit of communities throughout the world, and
in particular the advancement of education, the protection of health, and the relief of poverty, distress and
sickness.
The charity will also seek to challenge all forms of oppression and inequality, and will priorilise funding for
groups who assist people who are unable to take a full role in sociely due to economic, political and social
disadvantage.
The charity will seek to achieve these objectives by providing grant funding for other charities working in the
followng fields..
Community Projects to assist those al disadvantage or facing barriers.
Protection and conservation of the environment.
Promote the public education in and appreciation of literature, music, drama, and dance.
Research Into renewable energy sources.
Development of organic farming methods.
Development of environmentally sustainable projects.
Other charitable purposes as the Irustees from time to time may decide upon.
The trustees have absolute discretion as to the application (for charitable purposes) of the capital and incoma
of the trust fund. The trustees will seek to identify those projects where the greatest and widest benefil can ba
altained, and usually will only con&'der written applications and, where necessary, make further enquiries.
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. runnin9 a
charity IPB2)'.
Page 2

THE LIMBOURNE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Objectlves and activitles (contlnued)
b. Actlvlties undertaken to achleve obJectlve8
The trustees have supported a wide range of charitable causes during the year as authorised by the trust deed.
The major donations in year ended 5 Apfil 2024 were:
Farms for City Children
St Ann Allotments
Ellen MacArthur Cancer Trust
Buckingham Emergency Food Appeal
£18,000
£15,000
£11,000
£10,000
The trustees are able to assess how far they are meeting their charitable objectives and to monitor the progress
of granl recipients mainly by means of direct contact wilh the grant recipients, as follows:
granl recipients provide un801icited, regular reports or newsletters of their progress, of the activities which
the grant has made possible as well as the specific and public benefit arising from their activity.
where grants are made in installments (usually annual) the trustees require detailed progress reports to
assess the ongoing quality of provision before f urther installmenls are paid.
trustees may maintain a benign or active interest in grant recipients, e,g. they altend perfomiances by arts
organisations which have benefited from grants or attend AGMS and visit projects supported by The
Limbourne Trust.
By these means, the trustees can regularly monitor the benefits and effectiveness of their grant-making
decisions.
Page 3

THE LIMBOURNE TRUST
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Objectives and actlvltles (contlnued)
c. Grant-maklng pollcles
Since its fomiation in 2006 the charity has given grants year on year concentrating on charities and appeals
where the trustees believe the greatest benefit can be obtained from a relatively modest donation. Many
recipients are dependent on donations from several sources and so it is often difficult to langibly assess the
effectiveness of the charity's contribution. However, the trustees believe that their contribution has made a
diffefence in each case.
The trustees have produced guidelines for grant applicants as outlined below:
E88ential
Name of charity and registered charity number
Contact details, including website address
Up-to-date financial statementslaccounts and Iruslees, report
Aims and objectives of the charity
Name and nature of the project we are being asked to fund
Supporting evidence for need of project, and, where relevant, a measure of its success to date
How impact will be measured
The duration of the project
Is it an existing or new venture?
The budget for the project. the amount raised to date and applications pending, including other principle
partners or funders
Name and contact details for this project
Desirable
What other organisations are V￿rkIng in this field and in what way does this particular project relate to them.
The Limbourne Trust exists to support, by financial grants, other charities whose aims are..
To support small scale community projects which aim to help those who struggle to achieve full
participalion in society due to illness, disability, povety, political or social disadvantage.
To promote conservation and protect the environment.
To promote. improve, develop the appreciation of the performing arts. poetry, literature and music in all its
forms.
The development and support of renewable energy.
The development and practice of organic farming.
To develop environmentally sustainable projects and help overcome the adverse effects of climate change.
To promote other charitable purposes, from time to time, that may be determined by the trustees.
The trust is open to and encourages re-applications from charities where there has been a positive partnership
of funding and project execution. However the trust would normally only consider funding for four years in every
six.
The board of trustees hold grant-making meetings a year (early spring and autumn) al which they consider
a short-lisl of applications.
Page 4

THE LIMBOURNE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2024
Achlevement8 and performance
a. Ravlew of activities
The total incoming resources were £121,379 (2023.. £112,939).
Charitable grants made during the year were £115.450 12023.. £155,970). The trustees expect this level to
increase as the charity becomes more eslablished and is able to expand ils role. However, for the foreseeable
future. the trustees recognise that the global economic situation may result in a drop in the annual income
available for charitable grants.
b. Investment pollcy and perfomiance
The charity was formed with an initial donation of £2.500,000. This, together wilh some subsequent donations
has been invested into the stock markets.
On 14th March 2016 a donation of £360,000 was made to the Limlx)urne Trust from one of the founder
trustees, Elisabeth Thisllethwayte. This sum has been invested into the stock market and the income will be
used to make charitable grants.
The trustees, policy is to invest predominantly for capital preservation and growth subject to maintaining
sufficient level of nel income to meet anticipaled annual donations The capital preservation and growth
objective necessitates exposure to equity markeis.
It is the trustees, policy to have a balanced and diverse portfolio, with an ethical basis. It is the trustees,
preference to invest in companies with a good record of social responsibility. The twstees will not invest in
certain sectors such as arms manufacture, tobacco or nuclear industries.
Flnanclal review
a. Golng concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existen￿ for the foreseeable future. For this reason, they continue to
adopt the going concern basis in preparing the financial statements Further details regarding the adoption of
the going concern basis can be found in the accounting policies.
b. Reserves policy
The financial statements to 5 April 2024 record an unrestricted income fund of £34,676.
The Trustees have adopted a reserves policy which seeks to maintain sufficient funds to cover all oulstanding
grant commilmenls and the annual adminislration costs, whilst also covering cosls should it be necessary to
wind up the charity. Funds in ex￿55 of these requirements are available for the charity to expend on suitable
good causes. The trustees continue to seek suilable charitable piojecls where grant funds will provide
signif icant benef it.
Page 5

THE LIMBOURNE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
c. Public benefit
The trustees confirm that they have referred lo the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities
and setting the grant making policy for the year. The ways in which the charily meets the public benefit
requirement are set out above.
Structure, gov8rnance and management
a. Constitution
The Limbourne Trust is a registered charity, number 1113796, and is constituted under a Trust deed.
There have been no changes in the objectives since the last annual report.
b. M8thod8 of appointment or electlon of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
lerms of the Trust deed.
¢. Organisational structure and declslon-making policie8
The Charily was conslituted as a trust by a declaration of trust, dated 11 March 2006, executed by the four
original trustees and was registered as a charity on 19 April 2006. The trustees directly administer the charity
jointly through regular meetings, but day lo day administration has been devolved principally to the f irst named
trustee. There must be a minimum of three trustees, and the current trustees have the power lo appoint further
trustees by passing a resolution at a special meeting All trustees are appointed for a period of f ive years and
are eligible for subsequent re-election.
The deed specifies minimum criteria for eligibility as a trustee and also provides powers for removal of a
trustee f rom office in certain circumstances.
The Irustees have appointed investment advisors to act for them in managing the investment portfolio. The
trustees rely on this professional expertise in the day to day running of the portfolio, bul regularly review the
decisions taken lo ensure these comply with the investment objectives.
d. Financial risk management
The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Given the global uncertainties that stem from climate change, conflict and social inequality, the trustees resolve
to hold special meetings, when deemed necessary, to reassess how besl to support charities currently funded
by the Limbourne Trust.
Plans for future periods
The trustees, aims in the 2024125 financial year will follow and hopefully expand on those achievements for the
previous year.
Page 6

THE LIMBOURNE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Statement of Trustees, respon8lbllltSe8
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each f inancial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements. the Trustees are required to..
select suitable accounting policies and then apply them consistently:
observe the methods and principles of the Charities SORP IFRS 1021;
make judgments and accounting estimates that are reasonable and prudent:
state whether applicable UK Accounting Standards (FRS 102} have been followed, subject to any
material departures disclosed and explained in the financial slatemenls.,
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charity's transactions and 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, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Twstees and signed on their behalf by:
Isa
eth Anne Thl8tlethwayte
(Trustee)
Dale. 19 October 2024
Page 7

THE LIMBOURNE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED S APRIL 2024
Independont examlnerf8 report to the Tru8tee8 of The Llmbourne Tru8t ('th8 Charity,)
rep)rt to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April
2024.
Respon8lblllt108 and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wth the
requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed the applicable Directions given by the Charity Commission
under section 145(5}(b} of the 2011 Act.
Independent examlnerf8 Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting
and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} in preference to the Accounting and Reporting by Charities.. Slalement of Recommended Practice
issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe Ihal in any material respect..
accounting records were not kept in respect of the Charily as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed.
Julie Grimmer FCA DC
Dated.. 1 November 2024
Larklng Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwch
NR1 1RE
Page 8

THE LIMBOURNE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED S APRIL 2024
Endowment Unrestrlcted
funds
fund8
2024
2024
Total
funds
2024
Tolal
lunds
2023
Note
Income and endowments from:
Investments
121,379
121.379
112,939
Total Income and endowment8
121,379
121,379
112,939
Expendlture on:
Charitable activities
120,187
120,187
160, 133
Total expendlture
120,187
120,187
160, 133
Net Incomellexpandltura) before net
gaSn81(1088e8) on Invo8tm8nt8
Net gainsl{losses) on investments
1,192
1,192
167,709
(47, 194)
(288, 611)
167,709
Net Ineomol(expendlturo
Transfers between funds
167,709
117,463)
1,192
17,463
168,901
(335, 805)
Net movement In funds
150,246
18,655
168,901
(335, 805)
Reconclllatlon of fund8:
Total funds brought forward
Nel movement in funds
4,345,095
150,246
16.021
18,655
4,361,116
168,901
4,696,921
(335, 805)
Total funds carrled forward
4,495,341
34,676
4,530,017
4,361, 116
The Slatement of f inancial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 19 form part of these financial statements.
Page 9

THE LIMBOURNE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
Flxed asset8
Investments
4,466,638
4,242,315
4,466.638
4.242,315
Current assets
Debtors
Cash at bank and in hand
671
81,193
2,927
156,940
81,864
159,867
Creditors.. amounts falling due within one
year
118,485)
(33,066)
Net current a88et8
63,379
126,801
Creditors.. amounts falling due after more
than one year
10
(8, 000)
Net asset8 excludlng penslon a888t
4,530,017
4,361,116
Total nat as8et8
4,530,017
4,361,116
Charity fund8
Endowment funds
Unrestricted funds
4,495,341
34,676
4,345,095
16,021
11
Total fund8
4,530,017
4,361,116
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Isa
eth Anne Thi5tlethwayte
(TrLislee)
Date.. 19 October 2024
The notes on pages 11 to 19 form part of these financial statements.
Page 10

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng pollcles
1.1 Ba818 of preparation of financlal 8tatements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -
Accounting and Reporting by Charities- Stalement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019}, the Financial Reporting Standard
applicable in the UK and Republic of I reland {FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulalions 2008 only lo the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities". Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Limbourne Trust meets the definition of a public benefit entity under FRS 102.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably,
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives. as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have nol been met al the year end are noted as
a commitment, but not accrued as expenditure.
All expenditure is accounted for on an accruals basis. All expenses including support costs and
governance costs are allocaled to the applicable expenditure headings.
All expenditure is inclusive of irrecoverable VAT.
Page11

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies (continued)
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value al the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investmenl
gains and losses, whether realised or unrealised. are combined and presented as'Gainsl(Lossesl on
investments, in the Statement of financial aclivilies.
1.5 Debtor8
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquicl investments with a short
malurily of Ihree months or less from the date of acquisition or opening of the deposit or similar
account.
1.7 Liabilities and provlslon8
Liabililies are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the
amount of the seltlement can be estimated reliably.
1.8 Financial in8trum8nts
The Charity only has financial assets and f inancial liabilities of a kind that qualify as basic financial
instruments, Basic financial instruments are initially recognised al transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest melhod.
1.9 Fund accounting
General funds are unrestricted f unds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
The endowmenl fund is an expendable endowment fund representing the original capital provided
by the settlor, which has been invested in an investment portfolio with Barratt and Cooke.
Page 12

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Inve8tment Income
Unro8trlcted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income- listed investmenls
Investment income- interesl
120,711
668
120,711
668
112,859
80
121,379
121,379
112,939
Total 2023
112,939
112,939
Analy818 of grant8
Grant8 to
In8tltutions
2024
Total
funds
2024
Total
funds
2023
Grants to Institutions
115.450
115,450
155,970
Total 2023
155,970
155,970
In the prior year ended 5 April 2022, all grants were made to institutions.
Page 13

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of grants (continued)
The Charity has made the following material grants to institutions during the year..
2024
2023
Name of institution
Special Needs Enterprises
Suffolk Refugee Support
Nancy Oldfield Trust
Hebron Trust
10,000
30, 000
5, 000
5, 000
8,000
Surfers Against Sewage
Britten Pears Arts
BEFA
St Ann Allotments
8uckingham Emergency Food Appeal
Rural Coffee Caravan
5,000
5,000
8, 000
15,000
10,000
8,000
Young People Taking Action
The Cirden Sailing Trust
Ellen MacArthur Cancer Trust
Kinda Education
Open Road West Norfolk
Cambridge Junction
Good Chance
Farms for City Children
Sydenham Garden
Hour Community
8,000
10,000
11,000
11,000
5,000
5,000
24, 000
6, 000
11,500
5,000
6,000
18,000
5,000
95,000
139,500
Other grants to instilutions
20,450
16,470
Page 14

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expenditure by actlvltle8
Grants to
Institutions Governance
(note 3)
costs
2024
2024
Total
funds
2024
Total
funds
2023
Grant making activity
Foreign exchange loss
115,450
4,557
180
120,007
180
160,009
124
115.450
4.737
120,187
160, 133
Total 2023
155,970
4, 163
160, 133
No staff costs or depreciation were contained within expenditure for the year end 5 April 2024 or 2023.
Independent examlner'8 remuneratlon
The independent examinerfs remuneration amounts to an independent examiner fee of £3,535 (2023
- £3,366), and other fees of £90 (2023 - £85).
Tru8t888' remuneratlon and expense8
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 15

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Fixed asset investments
Listed
investments
Cost or valuation
Al 8 April 2023
Additions
Disposals
Revaluations
4,242,315
567,340
1510,726)
167,709
AI 5 Apfil 2024
4,466,638
Nat book value
At 5 April 2024
4,466,638
At 5 April 2023
4,242,315
The historical cost of fixed asset investments at 5 April 2024 is £3,495,498.
Debtor8
2024
2023
Due within one year
Accrued income
671
2,927
Accrued income is in respect of dividends declared and payable before the year end which had not
cleared the stockbroker accounts.
Page 16

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Credltor8: Amounts falling due wlthln one year
2024
2023
Committed grants
Accruals and deferred income
14,950
3,535
29, 700
3,366
18,485
33, 066
10.
Credltor8: Amount8 falllng due after more than one year
2024
2023
Committed grants
8,000
Page 17

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Statement of funds
Statement of funds current y8ar
Balance at 6
April 2023
Transf8rs
inlout
Gain81 Balance at 5
(Losse8) April 2024
Income Expendlture
Unre8trlcted
fund8
General Funds
16,021
121,379
{120,187)
17,463
34,676
Endowment
fund8
Endowment
Fund
4,345,095
{17,463)
167,709
4,495,341
Total of fund8
4,361,116
121,379
(120,1871
167,709
4,530,017
The charity's expendable endowment fund is held as listed investments and associated stock broker
cash balances. The transfer has been applied from expendable endowment funds to unrestricted funds
to accurately reflect that position.
Statement of fund8 - prlor year
8818nce 81
1 Apnl 2022
Transfers
in/out
Gain
Balance al
(Losses) 5 Apnl 2023
Income Expendilure
Vnre8trlcted
fund8
General Funds
34,918
112,939
(160, 133)
28,297
16,021
Endowment
funds
Endowment
Fund
4, 662,003
(28, 297) (288, 611) 4.345,095
Total of funds
4,696,921
112,939
(160, 733)
(288,611) 4.361, 116
Page 18

THE LIMBOURNE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
12. Analy818 of net a88ets between fund8
Analy818 of net a880ts between funds - current poriod
Endowment Unre8trlcted
funds
fund8
2024
2024
Total
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
4,466,638
28,703
4,466,638
81,864
(18,485)
53,161
(18,485)
Total
4,495,341
34,676
4,530,017
Analy818 of net a88et8 between fund8 - prior period
Endowment Unr8Stricled
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
4,242,375
102, 780
4,242,315
159,867
(33, 066)
(8, 000)
57,087
(33.066)
(8,000)
Creditors due wthin one year
Creditors due in more than one year
Total
4,345,095
16,021
4,361,116
13.
Related party transactions
There have been no transactions with related parties in the year (2023.. None).
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