Registered number: 06040746 Charity number: 1118821 THE LINK FOUNDATION (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE LINK FOUNDATION (A company limited by guarantee) CONTENTS Page Reference and admlnistratlve details of the company, its Trustees and advisers Trustees. report Independent examinerfs report Statement of financial activities 10 11 Balance sheet 12-13 Notes to the financial statements 14-20
THE LINK FOUNDATION (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Ms U Loughrey Miss E Jeyasingham Mrs K Walter Mrs K Roberls Mrs S Welch Mrs N Ross Company registered number 06040746 Charity registered number 1118821 Registered office The Old Barrel Store Draymans Lane Marlow Buckinghamshire SL7 2FF Company secretary Ms U Loughrey A¢¢ountant$ MHA Chartered Accountants Building 4 Foundation Park Roxborough Way Maidenhead Buckinghamshire SL6 3UD Page 1
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and the unaudited financial statements of the Gharity for the year ended 31 December 2024. The trustees have adopted 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 IFRS 102). Since the company qualifies as small under section 383, the stralegic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is nol required. The Link Foundation is a voluntsrily staffed children's charity based in Maidenhead thal is committed to improving the lives of children and their families in the local community and surrounding areas. Objectives and activities a. Policies and objectives In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefrt. including the guidance 'Public benefit= running a charity {PB2)'. The Link Foundation aims to help as many disadvantaged children as possible in Maidenhead, Slough, Windsor, Ascot, Bracknell, Marlow. Aylesbury and Wycombe. Working with their strategic partners, the charity identifies families who are struggling to provide essentials for their children. The charity is always reaching out to new groups so they can endeavor to help as many children as possible, and the trustees regularly meet with health visitors and schools to educate them on how the Link Foundation can help their families. b. Stralegies for achieving objectives The year 2024 remained incredibly challenging for countless families in our community- The lingering effects of the Covid-19 pandemic continued to take a toll. particulady on those in low-income or zero-hour contract jobs, many of whom lost their employment. Combined with the ongoing cost of living crisis, this has pushed more families than ever into hardship. Many who had never needed help before found themselves tuming to The Link Foundation, applying for vouchers for essentials like food. clothing. and hygiene products as they fought to make ends meet. At The Link Foundation, our mission is to step in during these times of crisis by providing grants that meet the specific needs of local children. We support children in a wide range of difficult circumstances, regardless of background, ra, or religion, when we know our help can make a real, lasting difference. This includes: Children living with a disability Children affected by parental illness or abandonment Children living in domestic violence reftjges Children whose families simply cannot afford the basic items or small, everyday comforts that every child deserves. Every year. we are proud to support hundreds of local children and their families. What sets The Link Foundation apart is how closely we work with trusted community professionals, those who are embedded in the lives of the families we aim to help. Our referral partners include.. Health Visitors Family Nurses Page 2
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities {continued) School and Nursery Staff Social Workers Domestic Violence Workers Local Charity and Community Group Staff These professionals are in a unique position to identfy children in genuine need-especially those from families who may not feel comfortable asking for help. We only accept applications submitled by these partners, using our official application form to confirm their support. Because our entire team is made up of volunteers. we do not have the capacity to visit and verify every application ourselves. That's why the input and endorsement of our referral partners is absolutely essential. Our low overheads also mean that 93Yo of every pound raised goes directly to helping children and their families. At The Link Foundation, we truly believe that even a small gesture can make a big difference in a child's life. c. Fundraising practices Since its inception in 2006. the Link Foundation has held annual events to raise funds for the charity. This included Fireworks and Fun, Let's Rock the Moor and the Link Ball. Since 2022, and mainly as the result of the pandemic, the Link Foundation has moved away from major fundraising events and has actively pursued grant applications to other foundations and trusts coupled with a drive to engage businesses and their corporate responsibility programs. It is hoped Ihat in 2025 the charity will recruit new businesses to help fundraise for the charity- In 2024, the Link Foundation received donations from other tnjsts including the Louis Baylis Trust, St James Place, the Berkshire Community Foundation. Heart of Bucks. MCS Rentals. The Green Hall Foundation and the Louis Baylis Trust and the trustees are incredibly grateful for this support. The Link Foundation does nol approach the public for donations unless it is as part of a wider fundraising events such as the Maidenhead Boundary Walk so protection of the public does not apply to the charity. The Link Foundation plans any fundraising events a year in advance, and our standards of fundraising are rigorously adhered to by the trustees. d. Main activities undertaken to further the company's purposes forthe public benefit The Link Foundation is committed to making a meaningful difference in children's lives by providing grants that meet both urgent and long-tenn needs. This support can include essentials like vouchers for school uniforms or shoes, funding for vital household items, or specialist equipment to ensure children with disabilities are more comfortable at home. We also help cover costs for school trips or short breaks. ensuring all children can enjoy enriching experiences alongside their peers. In addition, we sometimes assist local families by distributing high-quality, nearly-new donations of children's clothing, toys, and baby equipment. In 2024, the Link Foundation continued to respond to the ongoing challenges left in the wake of the Covid-19 pandemic, alongside the deepening cost of living crisis. With local community services severely impacted and many families already under financial strain, increasing numbers found themselves pushed further into poverty. Page 3
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities {continued) Our support has remained vital in helping them navigate these drficult times. 2024 Highlights from The Link Foundation In 2024. The Link Foundation was once again fortunate to receive generous support from a number of valued donors. A major contribution came from the MCS Foundation, which donated £12,000 marking the fifth consecutive year of their support for vulnerable local families. Other significant donations included= £15,000 from the Berkshire Community Foundation £10,000 from Heart of Buckinghamshire £4,500 from the Shanly Foundation An incredible £16,000 from Timbertown Charity in Maidenhead £10,000 from the Green Hall Foundation Additional appreciated support from the Louis Baylis Trust and The Prince Philip Trust Community fundraising efforts also played a key role, with neady £4,000 raised by Maidenhead Athletics Club, and £5,000 contributed from the final Let's Rock the Moor event which has proudly supported the Link Foundation since 2011. Supporting Young Mothers through the Family Nurse Partnership In 2024, The Link Foundation continued its important partnership with the Family Nurse Partnership at Wycombe General Hospital, which supports very young mothers facing financial hardship. Through this collaboration, the charity provided essential items such as cots, prams, and beds, helping these mothers create safe and supportive environments for their children. Feedback from the Family Nurse Partnership was overwhelmingly positive, with the team noting the significant impact on the mothers. self-esteem and their ability to care for their babies. Christmas Giving 2024 During the 2024 Christmas season, The Link Foundation worked with 20 local children's centres and schools to provide gifts and meals to disadvantaged families. Generous support included". Hundreds of Chrislmas presents donated by the Stoke Park Club. Lapland UK. St Piran's School, and Record Currency Management The Beauty Bank, which contributed toiletries and makeup forteenagers £1,000 from Berkshire Community Foundation to help fund festive meals With additional contributions from the Louis Baylis Trust and the Englefield Trust. the Link Foundation distributed Christmas dinners to over 600 families. Each family, referred by local health visitors, received a £25 Sainsbury s voucher. helping to ensure a joyful holiday season. Page 4
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and activities {continued) Strategic Partnerships and Community Support The Link Foundation works closely with a nelwork of local charities to reach the most vulnerable families. Regular referrals come from organizations such as: Homestart Family Friends DASH Hestia Abri RBWM Social Services Health visitors and social workers in Wycombe In 2024. the charity also received a growing number of applications from Slough Borough Council and Slough Children's First, highlighting the strength of these partnerships. Additionally, invitations for support were extended lo= The Achieving for Children health visiting team in Windsor and Maidenhead Children's centres and health visitors in Bracknell and Bracknell Forest Council The trustees of The Link Foundation aim to visit strategic partners each year to review the charity's impact and improve the services offered. Although in-person visits have been limited due lo increased remole working post- pandemic, trustees remain committed to resuming face-to-face engagement in 2025. Page 5
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perforniance a. Main achievements of the company In 2024 the Link Foundation worked with the health visiting teams in Maidenhead, Slough, Bracknell, Windsor. Reading, Wycombe, Aylesbury and Marlow as well as local schools to identify families that were finding life incredibly difficult. The Link Foundation helps families by donating vouchers, for the appropriate shop which can be given quickly to families in need. and. in some cases. health visitors asked for urgent help for families and the charity gave emergency help in the form of vouchers that were picked up directly from the office. The Link Foundation relies on the continuing flow of donations to fund its grant giving activity and this was never truer than in 2024. The Link Foundation received several generous donations both personally and from businesses, including the following personal donations £1,000 from Jane Loughrey and some smaller donations from other local families. The Charity also had some sizeable donations from local businesses and foundations. The Berkshire Community Foundation donated £15,000, Lets Rock the Moor raised £5,000 (accrued in 2023). Louis Baylis Trust £4,500, MCS Foundation donated £12,000, Maidenhead Athletics Club donated £4,000 and 52 Lives donated £1,000 to help with the Link Foundation Christmas appeal. Nicola Ross was recruited as a trustee in 2020 and her remit has been to create a presence for the Link Foundation on various social media platforms. Nicola is a great asset to the charity and her work continued and expanded throughout 2023 and the difference she has made with fundraising is indicated by the increase of money donated via JustGiving. which is a direct response from social media campaigns on Linkedln. Facebook, Instagram and Twitter and this will continue throughout 2025. Nicola has also taken on the role of gatekeeper for the Link Foundation website. which is another key element in our charity fundraising campaigns. At the end of 2024 the trustees agreed that, until 2028, the Link Foundation would not support international charities as the demand on funds from local families living in poverty has increased over the last five years so all money raised should be used in the community. This will be reviewed in 2028. b. Key perfomiance indicators The Foundation aims to keep reserves at a minimum by distributing funds directly to children and their families. In the year to December 2024. 93 /0 of expenditure is related to assistan and direct costs of raising voluntary income. Financial review . Going concern After making appropriate enquiries, the board of trustees has a reasonable expectation that the Gharity has adequate resources to continue in operational existence for the foreseeable future. For Ihis reason, it continues to adopt the going concern basis in preparing Ihe financial statements. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Policies. Page 6
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 b. Reserves policy The work of the trustees generated total incoming resources of £113,07812023= £110.402) which is an increase of 201. from the prior year. Income from donations and grants increased from £100,636 to £112.178 in the year, however fundraising income was £900 (2023 £9.766). Our donations to assist children totalled £112,997 (2023.. £117,796) in the year. This was a decrease of£4,799 (2023 increase £5,986) in the year. At the end of the year we had a small deficit of £8,417 {2023= £8,978 deficit}, which, with reserves brought fOard of £16,882. there are reserves carried forward of £8.465. Support costs for the year totalled £4,136 (2023= £1.584). Whilst this is a increase from last year. we continue to be able to minimise our support costs as much of the finan and administrative effort is provided by volunteers. The Foundation aims to keep reserve at a minimum by distributing funds in accordance wilh the objects. directly to children and their families. In the year to 31 December 2024, 93 1 of expenditure is related to assistance and direct costs of raising voluntary income. Reserves were £8,465 at 31 December 2024. c. Prlnclpal rlsks and uncertalntles There are no significant risks involved in The Link Foundation as we do not offer practical help to individuals or other charities. We do provide financial help to disadvantaged children and their families, who have been directed to us from our partners in the community- however, we do not meet these individuals and therefore do not have to be DBS checked. d. Principal funding Funding to support activities is from personal and corporate donations and a few fundraising events. Structure. governance and management Constitution The charity is a company limited by guardntee and an exempt charity. The charitable company's memorandum and articles of association are the primary governing documents of the charity. The trustees of the charity are also the directors of the charitsble company for the purposes of company law. b. Methods of appointment or election of Trustees Appointment to the board of trustees is by invitation after the needs of the charity and the range of suitable candidates are considered by the current trustees. . Organisational structure and decision-making policies The overall strategic direction of the charity is detemiined by the trustees who meet formally monthly. The Trustees meet monthly to adjudicate on the applications for funding. Decisions are made based on the criteria of the charity and how important the needs of the applicant are. Page 7
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management {continued) d. Policies adopted forthe induction and training of Trustees The induction of new trustees is tailored to the needs of the individual concerned and would. however, always include the provision of key documents and information relating to our activities and obligations under the Charities Commission. e. Relaled party relationships The Link Foundation works in partnership with other charilies, domestic violence refuges, schools, the Family Nurse Partnership. Sure Start children centers and Health Visitors in the community- These strategic partners screen all individuals applying to the charity and confirm that they agree with what is being asked for. In many instances, they will also help the applicant complete the application form to ensure it is comprehensive and precise. This procedure ensures that applicants are bona fide. and the trustees have confidence thal their need is valid. The Link Foundation application form allows the trustees to understand the demographic, benefits, and income information so that more accurate metrics can be recorded. Businesses and individuals who donate to the Link Foundation can now look at who we help in the community and overseas. Plans for future periods The Link Foundation aims to donate in the region of £8,000 per month to disadvantaged families in the Community. Members, liability Each member of the charitable company undertakes to contribute to the assets of the charitable company in the event of it being wound up while they are a member, or within one year after they cease to be a member, such amount as may be required. not exceeding £10. for the debis and liabilities contracted before they ceased to be a member. Page 8
THE LINK FOUNDATION (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees. responsibilities The Trustees {who are also the directors of the company for the purposes of company law) 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). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial stalements unless they are satisfied that they give a true and fair view of the state of affairs of the company 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.. select suitable accounting policies and then apply them consisiently: observe the methods and principles of the Charities SORP IFRS 102)- makejudgments and accounting estimates that are reasonable and prudent", state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the Gompany and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 23 September 2025 and signed on their behalf by: Ms U Loughrey Trustee Page 9
THE LINK FOUNDATION (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ind8p8ndent examiner's report to the Trustees of The Link Foundation {'the company.) I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2024. Responsibilities and basis of report As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51{b} of the 2011 Act. Independent examinerfs Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records: ( the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporiing by charities [applicable to charilies preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no other matters in connectlon 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. This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters l am required to stste to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Signed.. Dated: 24 September 2025 Carina Ralfs FCA MHA, Building 4, Foundation Park, Roxborough Way, Maidenhead. SL6 3UD Page 10
THE LINK FOUNDATION (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Other trading activities 112.178 112,178 900 100,636 9, 766 Total income 113,078 113,078 110,402 Expenditure on: Raising funds Charitable activities 4,362 117.133 4,362 117.133 1,398 117,982 Total expenditure 121,495 121,495 119,380 Net movement in funds {8,417) (8,417) (8,978) Reconciliation of funds: Total funds brought forward Net movement in funds 16,882 {8,417) 16,882 (8,417) 25,860 (8.978) Total funds carried forward 8,465 8,465 16,882 The Stalement of financial activities indudes all gains and losses recognised in the year. The notes on pages 14 to 20 fomi part of these financial statements. Page11
THE LINK FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 06040746 BALANCE SHE AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Current assets Debtors Cash at bank and in hand 10 10,000 17,346 19.046 19.046 27,346 Current liabilities Creditors.. amounls falling due within one year 11 (10,581) (10,464) Net current assets 8,465 16,882 Total assets less current liabilities 8,465 16,882 Net assets excluding penslon asset 8,465 16,882 Total net assets 8,465 16,882 Charity funds Restricted funds 12 Unrestricted funds 12 8,465 16,882 Total funds 8,465 16,882 Page 12
THE LINK FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 06040746 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the Gompany to obtsin an audit for the year in question in aGcordanGe with section 476 of Companies Act 2006. The Trustees aCknOedge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subject lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 23 September 2025 and signed on their behalf by- Ms U Loughrey The notes on pages 14 to 20 form part of these financial statements. Page 13
THE LINK FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information The Gompany is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the evenl of the company being wound up. the liability in respect of the guarantee is limited to £10 per member of the company. Accounting policies 2.1 Basis of preparation of financial slatements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021 Accounting and Reporting by Charities= Ststement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Link Foundation meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Going concem The financial statements have been prepared on a going concern basis as the Trustees believe that no malerial uncertainities exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for the 12 months from authorising these financial ststements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concem. 2.3 Income All income is recnISed once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are induded in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company item is probable and that economic benefit cna be measured reliably. In accordance with the Charities SORP {FRS102), the general volunteer time of the Friends is not recognised and refer to the Trustees. Report for more information about their contribution. Page 14
THE LINK FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to Iransfer economic benefit to a third paty, 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 is classified by activity. The costs of each activity are made up of the total of direcl costs and shared cosls, inGluding support costs involved in undertaking each activity. Direct costs attribulable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company'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 whiGh have not been met al the year end are noted as a commitment. but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company,. this is normally upon notification of the interest paid or payable by the bank. 2.6 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. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi 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. 2.8 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. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Page 15
THE LINK FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.9 Financial instruments The company only has financial assets and financial liabilities of a kind thal 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 effeclive interest method. 2.10 Fund accounting General funds are unrestricted funds vthich are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Income from donatlons and legacles Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations from corporate bcKJies Donations from individuals 48,716 26,462 37,000 48,716 26.462 37,000 45.001 39,935 15,700 Grants 112,178 112.178 100,636 Fundraising income Income from fundraising events Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fundraising events 900 900 9, 766 900 900 9, 766 Page 16
THE LINK FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on ralslng funds Costs of raising voluntary income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Costs of raising voluntary income 4,362 4,362 1,398 4,362 4,362 1,398 Analysls of grants Grants to Institutions 2024 Grants to Individuals 2024 Total funds 2024 Grants 112,997 112,997 112,997 112,997 0 (2023.. 1) grants were made to children overseas in 2024 totslling £nil {2023= £5,000}. Further details are provided in the Trustees report. Grants to Institulions 2023 GTrnts tc Individuals Total funds 2023 Grants 5,000 112,796 117,796 5,000 112,796 117,796 Page 17
THE LINK FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expenditure by activitles Grant funding of activities 2024 Support costs 2024 ToLIl funds 2024 Improving the lives of children 112,997 4,136 117,133 112,997 4.136 117,133 Analysis of support costs Totsl funds 2024 Total funds 2023 Activities 2024 Office costs Governance- accountancy 926 926 3,210 3.210 186 4.136 4,136 186 Independent examinerfs remuneration 2024 Fees payable to the company's independent examiner for the independent examination of the company's annual accounts Fees payable to the company's independent examiner in respect ot. l other services not included above 3,060 600 Trustees. remuneratlon and expenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 December 2024 Trustee expenses of £128 were incUed {2023- £nill. Page 18
THE LINK FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Debtors 2024 2023 Due within one year Prepayments and accrued income 10,000 10,000 11. Creditors: Amounts falling duewithin one year 2024 2023 Accruals and deferred income 10,581 10,464 12. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds General Funds 16,882 113,078 {121,495) 8,465 Statement of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 InconE Expenditure Unrestrfcted funds General Funds 25.860 170,402 (119.380) 16.882 Page 19
THE LINK FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Analysls of net assets between funds Analysis of net assets between funds- current period Unrestricted funds 2024 Total funds 2024 Current assets Creditors due within one year 19,046 (10,5811 19.046 (10,581) Total 8,465 8,465 Analysis of net assets between funds- prior period Unrestricted funds 2023 Total fvnds 2023 Current assets Creditors due within one year 27,346 (10,464) 27,346 (10,464) Total 16,882 76,882 14. Related party transactions Mrs U Loughrey and her husband P Griffin made personal donations to the charity of £nil {2023 £10,342). Relatives of Mrs U Loughrey made personal donations to the charity of £1.600 (2023 £nill. G&L Scientific Ltd, a company in which P Griffin is a director and shareholder, donated £nil (2023 £4,050) to the charity- Mrs N Ross made personal donations to the charity of £44 (2023 - £nill. Vanwall Property Development Limited. a company owned by U Loughrey and her husband, was owed £4,371 at 31 December 2024 {2023- £4,344) in respect of invoices paid on behalf of The Link Foundation. Page 20