2025-04-05-accounts

Charity number: 1113796

THE LIMBOURNE TRUST

UNAUDITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED5 APRIL 2025

THE LIMBOURNE TRUST

CONTENTS

	Page
Reference and administrative details ofthe Charity, its Trusteesand advisers	1
Trustees' report	2-7
Independent examiner's report	8
Statement offinancial activities	9
Balance sheet	10
Notestothefinancialstatements	11-19

THE LIMBOURNE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025

Trustees

Elisabeth Anne Thistlethwayte Katharine Thistlethwayte Andrew Nathaniel Eastaugh Penelope Chloe Heath Caroline Mary Keates (appointed 15 May 2024)

Charity registered number

1113796

Principal office

Downs Farm Homersfield Harleston Norfolk IP20 ONS

Accountants

Larking Gowen LLP Chartered Accountants 1st Floor, Prospect House Rouen Road Norwich NR1 1RE

Investment Managers

Barratt & Cooke Limited 5 Opie Street Norwich NR1 3DW

Page 1

THE LIMBOURNE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED5 APRIL 2025

The Trustees present their annual report together with the financial statements of the Charity for the 6 April 2024 to 5 April 2025. 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 (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Objectives and activities

a. Policies and objectives

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 prioritise funding for groups who assist people who are unable to take a full role in society 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 following fields:

• Community Projects to assist those at 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 trustees from time to time may decide upon.

The trustees have absolute discretion as to the application (for charitable purposes) of the capital and income of the trust fund. The trustees will seek to identify those projects where the greatest and widest benefit can be attained, and usually will only consider 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: running a charity (PB2)'.

Page 2

THE LIMBOURNE TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED5 APRIL 2025

Objectives and activities (continued)

b. Activities undertaken to achieve objectives

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 April 2025 were:

Suffolk Art Link £30,000 (multi-year grant) Young People Taking Action £10,000 The Cirdan Sailing Trust £10,000 Good Chance £10,000 Ellen MacArthur Cancer Trust £10,000 River Waveney Trust £10,000 Surfers Against Sewage £10,000 Sydenham Garden £15,000 (multi-year grant)

The trustees are able to assess how far they are meeting their charitable objectives and to monitor the progress of grant recipients mainly by means of direct contact with the grant recipients, as follows:

• e grant recipients provide unsolicited, 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.

• e where grants are made in installments (usually annual) the trustees require detailed progress reports to assess the ongoing quality of provision before further installments are paid.

• e trustees may maintain a benign or active interest in grant recipients, e.g. they attend performances 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 2025

Objectives and activities (continued)

c. Grant-making policies

Since its formation 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 tangibly assess the effectiveness of the charity‘s contribution. However, the trustees believe that their contribution has made a difference in each case.

The trustees have produced guidelines for grant applicants as outlined below:

Essential

• e Name of charity and registered charity number

• e Contact details, including website address

• e Up-to-date financial statements/accounts and trustees' report

• e Aims and objectives of the charity

• e Name and nature of the project we are being asked to fund

• e Supporting evidence for need of project, and, where relevant, a measure of its success to date

• e How impact will be measured

• e The duration of the project

• e Is it an existing or new venture? e The budget for the project, the amount raised to date and applications pending, including other principle partners or funders

• e Name and contact details for this project

Desirable

What other organisations are working 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:

• e To support small scale community projects which aim to help those who struggle to achieve full participation in society due to illness, disability, poverty, political or social disadvantage.

• e To promote conservation and protect the environment. e To promote, improve, develop the appreciation of the performing arts, poetry, literature and music in all its forms.

• e The development and support of renewable energy.

• e The development and practice of organic farming.

• e To develop environmentally sustainable projects and help overcome the adverse effects of climate change. e 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 two grant-making meetings a year (early spring and autumn) at which they consider a short-list of applications. The budget for the project, the amount raised to date and applications pending, including other principle partners or funders.

Page 4

THE LIMBOURNE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED5 APRIL 2025

Achievements and performance

a. Review of activities

The total incoming resources were £124,775 (2024: £121,379).

Charitable grants made during the year were £137,000 (2024: £115,450). The trustees expect this level to increase as the charity becomes more established and is able to expand its 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 policy and performance

The charity was formed with an initial donation of £2,500,000. This, together with some subsequent donations has been invested into the stock markets.

On 14th March 2016 a donation of £360,000 was made to the Limbourne Trust from one of the founder trustees, Elisabeth Thistlethwayte. 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 a sufficient level of net income to meet anticipated annual donations. The capital preservation and growth objective necessitates exposure to equity markets.

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 trustees will not invest in certain sectors such as arms manufacture, tobacco or nuclear industries.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence 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 2025 record an unrestricted income fund of £33,133.

The Trustees have adopted a reserves policy which seeks to maintain sufficient funds to cover all outstanding grant commitments and the annual administration costs, whilst also covering costs should it be necessary to wind up the charity. Funds in excess of these requirements are available for the charity to expend on suitable good causes. The trustees continue to seek suitable charitable projects where grant funds will provide significant benefit.

Page 5

THE LIMBOURNE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED5 APRIL 2025

c. Public benefit

The trustees confirm that they have referred to 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 charity meets the public benefit requirement are set out above.

Structure, governance 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. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision-making policies

The Charity was constituted 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 to day administration has been devolved principally to the first named trustee. There must be a minimum of three trustees, and the current trustees have the power to appoint further trustees by passing a resolution at a special meeting. All trustees are appointed for a period of five 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 from office in certain circumstances.

The trustees 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, but regularly review the decisions taken to ensure these comply with the investment objectives.

d. Financial risk management

The Trustees have assessed the major risks to 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 best to support charities currently funded by the Limbourne Trust.

Plans for future periods

The trustees’ aims in the 2025/26 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 2025

Statement of Trustees’ responsibilities

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 financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• e select suitable accounting policies and then apply them consistently;

• ° observe the methods and principles of the Charities SORP (FRS 102);

• e 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 statements;

• ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to 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 Trustees and signed on their behalf by:

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Etisdbeth Anne Thistlethwayte
(Trustee)
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Date: 17 October 2025

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THE LIMBOURNE TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025

Independent examiner's report to the Trustees of The Limbourne Trust (‘the Charity’)

| report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

| 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 | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement 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: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

| 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.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out 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.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

,

5 af JulieSigned:GrimmerLmaoFCA DC C damn Lu Dated: 2 Cho lev DO 2>

FCA DC

Larking Gowen LLP

Chartered Accountants 1st Floor, Prospect House Rouen Road Norwich NR1 1RE

Page 8

THE LIMBOURNE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED5 APRIL 2025

		Endowment	Unrestricted	Total	Total
		funds	funds	funds	funds
		2025	2025	2025	2024
	Note	£	£	£	£
Income and endowments from:
Investments	2	-	124,775	124,775	121,379
Total income and endowments		-	124,775	124,775	121,379
Expenditure on:
Charitable activities		-	141,895	141,895	120,187
Total expenditure		-	141,895	141,895	120,187
Net (expenditure)/income before net
(losses)/gains on investments		-	(17,120)	(17,120)	1,192
Net (losses)/gains on investments		(188,437)	.	(188,437)	167,709
Net (expenditure)/income		(188,437)	(17,120)	(205,557)	168,901
Transfers between funds	10	(15,577)	15,577	-	-
Netmovement in funds		(204,014)	(1,543)	(205,557)	168,901
Reconciliation of funds:
Total funds brought forward		4,495,341	34,676	4,530,017	4,361,116
Net movement in funds		(204,014)	(1,543)	(205,557)	168,901
Totalfundscarriedforward		4,291,327	33,133	4,324,460	4,530,017

The Statement of financial 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

ST

THE LIMBOURNE TRUST

Soo	Soo		ST	ST
	BALANCE SHEET
	ASAT 5APRIL2025
			2025	2024
	Note		£	£
Fixed assets
Investments	7		4,194,211	4,466,638
			4,194,211	4,466,638
Current assets
Debtors	8	-		671
Cash at bank and in hand		151,283		81,193
		151,283		81,864
Current liabilities
Creditors: amounts falling due within one
year	9	(21,034)		(18,485)
Net current assets			130,249	63,379
Total net assets			4,324,460	4,530,017
Charityfunds
Endowmentfunds	10		4,291,327	4,495,341
Unrestricted funds	10		33,133	34,676
Totalfunds			4,324,460	4,530,017

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Elisabeth Anne Thistlethwayte (Trustee) Date: 17 October 2025

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The notes on pages 11 to 19 form part of these financial statements.

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THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement 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 Ireland (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) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) 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 not been met at 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 allocated to the applicable expenditure headings.

All expenditure is inclusive of irrecoverable VAT.

Page 11

THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. 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 at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

• 1.5 Debtors

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 liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Liabilities and provisions

Liabilities 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 settlement, and the amount of the settlement can be estimated reliably.

1.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.9 Fund accounting

General funds are unrestricted funds 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 endowment 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 2025

2. Investment income

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total|Total| |funds|funds|funds| |2025|2025|2024| |£|£|£| |Investment|income-|listed|investments|123,674|123,674|120,711| |Investment|income-|interest|1,101|1,101|668| |124,775|124,775|121,379| |Total 2024|121,379|121,379|

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1. Analysis of grants

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||||||| |---|---|---|---|---|---| |Grants|to|Total|Total| |Institutions|funds|funds| |2025|2025|2024| |£|£|£| |Grants|to|Institutions|137,000|137,000|115,450| |Total 2024|115,450|115,450|

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In the prior year ended 5 April 2024, all grants were made to institutions.

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THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

3. Analysis of grants (continued)

The Charity has made the following material grants to institutions during the year:

	2025	2024
	£	£
Name of institution
RiverWaveney Trust	10,000	-
The Reader	4,000	-
Nancy Oldfield Trust	-	8,000
Suffolk Art Link	10,000	-
Surfers Against Sewage	10,000	5,000
Britten Pears Arts	5,000	5,000
Norfolk County Music Festival	5,000	-
StAnn Allotments	-	15,000
Buckingham Emergency Food Appeal	7,000	10,000
Rural Coffee Caravan	-	8,000
Young People Taking Action	10,000	-
The Cirden Sailing Trust	10,000	-
Ellen MacArthur Cancer Trust	10,000	11,000
Kinda Education	-	5,000
Open Road West Norfolk	5,000	5,000
Good Chance	10,000	-
Farms for City Children	7,000	18,000
Sydenham Garden	7,500	5,000
Hour Community	9,000	-
	119,500	95,000
Othergrantstoinstitutions	17,500	20,450

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THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

4, Analysis of expenditure by activities

	Grants to
	institutions	Governance	Total	Total
	(note 3)	costs	funds	funds
	2025	2025	2025	2024
	£	£	£	£
Grant making activity	137,000	4,700	141,700	120,007
Foreign exchange loss	-	195	195	180
	137,000	4,895	141,895	120,187
Total2024	115,450	4,737	120,187

No staff costs or depreciation were contained within expenditure for the year end 5 April 2025 or 2024.

5. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,535 (2024 - £3,535), and other fees of £90 (2024 - £90).

6. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL).

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THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

7. Fixed asset investments

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Listed| |investments| |£| |Cost|or valuation| |At|6|April|2024|4,466,638| |Additions|694,370| |Disposals|(778,360)| |Revaluations|(188,437)| |At|5|April|2025|4,194,211| |Net|book|value| |At|5|April|2025|4,194,211| |At|5 April 2024|4,466,638| |The|historical|cost|of fixed|asset|investments|at|5|April|2025|is|£3,510,255.|

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8. Debtors

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||||| |---|---|---|---| |2025|2024| |£|£| |Due|within|one|year| |Accrued|income|-|671|

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Accrued income is in respect of dividends declared and payable before the year end which had not cleared the stockbroker accounts.

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THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Committed grants	17,500	14,950
Accruals and deferred income	3,534	3,535
	21,034	18,485

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THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

10. Statement of funds

Statement of funds - current year

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Balance|at|6|Transfers|Gains/|Balance|at|5| |April|2024|Income|Expenditure|in/out|(Losses)|April|2025| |£|£|£|£|£|£| |Unrestricted| |funds| |General|Funds|34,676|124,775|(141,895)|15,577|-|33,133| |Endowment| |funds| |Endowment| |Fund|4,495,341|°|-|(15,577)|(188,437)|4,291,327| |Total|of funds|4,530,017|124,775|(141,895)|.|(188,437)|4,324,460| |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 funds|-|prior year| |Balance|at|Transfers|Gains/|Balance|at| |1|April 2023|Income|Expenditure|in/out|(Losses)|5 April|2024| |£|£|£|£|ra|£| |Unrestricted| |funds| |General|Funds|16,021|121,379|(120,187)|17,463|-|34,676| |Endowment| |funds| |Endowment| |Fund|4,345,095|-|-|(17,463)|167,709|4,495,341| |Total|of funds|4,361,116|121,379|(120,187)|-|167,709|4,530,017|

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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.

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THE LIMBOURNE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

11. Analysis of net assets between funds

Analysis of net assets between funds - current year

	Endowment	Unrestricted	Total
	funds	funds	funds
	2025	2025	2025
	£	£	£
Fixed asset investments	4,194,211	-	4,194,211
Current assets	97,116	54,167	151,283
Creditors due within one year	-	(21,034)	(21,034)
Total	4,291,327	33,133	4,324,460

Analysis of net assets between funds- prior year

	Endowment	Unrestricted	Total
	funds	funds	funds
	2024	2024	2024
	£	£	£
Fixed asset investments	4,466,638	-	4,466,638
Current assets	28,703	53,161	81,864
Creditors due within one year	-	(18,485)	(18,485)
Total	4,495,341	34,676	4,530,017

12. Related party transactions

There have been no transactions with related parties in the year (2024 - None).

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THE LIMBOURNE TRUST

ee

BALANCE SHEET AS AT 5 APRIL 2025

			2025		2024
	Note		£		£
Fixed assets
Investments	7		4,194,211		4,466,638
			4,194,211		4,466,638
Current assets
Debtors	8	-		671
Cash atbank and in hand		151,283		81,193
		151,283		81,864
Current liabilities
Creditors: amounts falling due within one
year	9	(21,034)		(18,485)
Net current assets			130,249		63,379
Total net assets			4,324,460		4,530,017
Charityfunds
Endowmentfunds	10		4,291,327		4,495,341
Unrestricted funds	10		33,133		34,676
Totalfunds			4,324,460		4,530,017

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Elisabeth Anne Thistlethwayte (Trustee) Date: 17 October 2025

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The notes on pages 11 to 19 form part of these financial statements.

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