**REGISTERED CHARITY NUMBER: 1119799**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
**FOR**
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Statement of Financial Position**||5||
|**Notes to the Financial Statements**|6|to|13|
|**Detailed Statement of Financial Activities**||14||
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity has the obligation to manage the scheduled properties and investments applying surplus income after maintenance and management and provision for extraordinary repairs in the ration of:
a) 1/3 for relief of those in need either generally or persons resident in the Ancient Parish of Shepshed who are in conditions of need, hardship or distress by making grants of money, or providing or paying for items, services or facilities, calculated to reduce the need, hardship or distress of such persons, subject to certain restrictions.
b) 2/3 Education Foundation: in promoting the education, including social and physical training, of persons resident in the area of the Ancient Parish of Shepshed who have not attained the age of 25 years and who are in need of financial assistance.
The Trustees employ the professional services of a property letting agent and manager to collect rents, manage and maintain the property in a manner to optimise the return from the property investment.
Grants are made after suitable enquiry by the Trustees to recipients under the terms of the objects noted.
## **Public benefit**
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake for the public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
The charity has distributed 14 (2024: 21) grants in the year, totalling £4,000 (2024: £7,900).
12 (2024: 18) of these grants totalling £3,200 (2024: £6,400) were distributed to individuals and 2 (2024: 3) of these grants totalling £800 (2024: £1,500) were distributed to institutions. These are analysed in the notes to the accounts.
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees have determined to hold sufficient sums in reserve to enable them to meet, as far as possible, unexpected major repairs to the properties.
It is resolved by the trustees that cash reserves of £25,000 are set aside for this purpose.
At the end of the year the charity held reserves of £1,102,224 (2024: £1,192,608) including cash reserves of £32,111 (2024: £128,322) which is considered by the trustees to be sufficient for the charity to carry out its objectives.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The scheme document was sealed dated 28th February 1972 registering Charities.
1) John Lambert (exclusive of the Lambert Educational Foundation). No. 233664
- 2) The Lambert Educational Foundation. No. 528002.
Both of the above were cancelled on the Register of Charities in June 2007 with the John Lambert Charities, Shepshed No. 1119799 entered on the Central Register of Charities with effect from 22 June 2007.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1119799
## **Principal address**
8 Smithy Way Shepshed Loughborough Leicestershire LE12 9TQ
Page 1
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Trustees**
Mr A C Roberts Mrs B Ainsworth Mr E W Atkin Mr M Fox (resigned 27.3.25) Mr B Grigg Mrs C Hallam Mrs P Oliver (resigned 25.9.25) Mrs T Whittington Mr G S Freckelton
The body of Trustees shall consist when complete of twelve competent persons residing in or near the area of the Ancient Parish of Shepshed. Trustees are appointed for a term of five years by the existing Trustees.
There shall be an Annual General Meeting and at least two ordinary meetings in each year.
All known related party information is disclosed in note 15 of the accounts.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Independent Examiner**
Niall Kingsley FCA Duncan & Toplis Limited 3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR
## **Clerk to the Trustees**
Mrs J Monk
## **Property management agents**
Freckeltons Limited 1 Leicester Road Loughborough Leics LE11 1AE
## **Disclosure of information to the Independent examiner**
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the independent examination, but of which the independent examiner is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the independent examiner is aware of such information.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. Mr G S Freckelton - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **Independent examiner's report to the trustees of The John Lambert Charities - Shepshed**
I report to the charity trustees on my examination of the accounts of The John Lambert Charities - Shepshed (the Trust) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the 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.
I 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.
Niall Kingsley FCA
Duncan & Toplis Limited 3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR
Date: .............................................
Page 3
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
Investments
4
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Property Expenses
Other Expenses
Grants paid
**Total**
Net gains on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
29,900
59,775
1,678
91,353
185,682
4,615
4,000
194,297
2,561
(100,383)
1,192,608
1,092,225|Restricted
fund
£
10,000
-
-
10,000
-
-
-
-
-
10,000
-
10,000|2025
Total
funds
£
39,900
59,775
1,678
101,353
185,682
4,615
4,000
194,297
2,561
(90,383)
1,192,608
1,102,225|2024
Total
funds
£
35,000
51,122
832|
|---|---|---|---|---|
|||||86,954|
|||||84,371
4,593
7,900|
|||||96,864|
|||||611|
|||||(9,299)
1,201,907|
|||||1,192,608|
The notes form part of these financial statements
Page 4
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2025**
|Notes
**FIXED ASSETS**
**Investments**
Investments
10
Investment property
11
**CURRENT ASSETS**
Debtors
12
Cash at bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
14
Unrestricted funds:
Unrestricted- General fund
Designated- Education Fund
Designated-Necessitous Fund
Fair Value reserve
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
23,012
1,042,750
1,065,762
6,800
22,110
28,910
(2,447)
26,463
1,092,225
1,092,225|Restricted
fund
£
-
-
-
-
10,000
10,000
-
10,000
10,000
10,000|2025
Total
funds
£
23,012
1,042,750
1,065,762
6,800
32,110
38,910
(2,447)
36,463
1,102,225
1,102,225
809,263
12,464
9,748
260,750
1,092,225
10,000
1,102,225|2024
Total
funds
£
19,763
1,042,750|
|---|---|---|---|---|
|||||1,062,513
4,073
128,322|
|||||132,395
(2,300)|
|||||130,095|
|||||1,192,608|
|||||1,192,608|
|||||914,646
9,664
7,548
260,750|
|||||1,192,608|
|||||-|
|||||1,192,608|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr G S Freckelton - Trustee
The notes form part of these financial statements
Page 5
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1. GENERAL INFORMATION**
The John Lambert Charities- Shepshed is an unincorporated charity in England. The charity's registered number is 1119799.
The charity's principal place of business is 8 Smithy Way, Shepshed, Leicestershire, LE12 9QT.
The charity has use of an office at 6-8 Belton Street, Shepshed, Leicestershire, LE12 9AB.
The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.
The significant accounting policies applied in the preparation of these accounts are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.
The financial statements cover the individual entity.
The entity constitutes a public benefit entity as defined by FRS 102.
There are no material uncertainties relating to Going Concern
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The accounts (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 relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
continued...
Page 6
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Investments**
Investments were recognised initially at fair value. Subsequently they are recognised at fair value with changes recognised in "net gains/(losses) on investments" in the SoFA as the shares are publicly traded so their value can be measured reliably.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Critical accounting judgements and estimation uncertainty**
In the application of the charitable company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no critical accounting judgements or estimation uncertainty that, in the opinion of the trustees, will have a material effect on the financial statements.
## **3. DONATIONS AND LEGACIES**
|Donations
Grants|2025
£
19,900
20,000
39,900|2024
£
35,000
-|
|---|---|---|
|||35,000|
In 2025 the charity recieved a one off £19,900 donation (2024: 35,000) from The Vine House Trust, a charity with similar objectives which closed in the previous year. £10,000 (2024: Nil) of this donation is restricted towards specific beneficiaries, and the rest is unrestricted.
Grants received, included in the above, are as follows:
||2025|2024||
|---|---|---|---|
||£|£||
|The Helen Jean Cope Charity|20,000||-|
continued...
Page 7
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **4. INVESTMENTS**
|Rents received
Deposit account interest
Income from Listed investments
**5.**
**GRANTS PAYABLE**
Grants paid
The total grants paid to institutions during the year was as follows:
Necessitous Fund
**Necessitous fund grants to institutions:**
Name of Institution:
Without Walls
6th Shepshed Guides
2nd Shepshed Girls and Boys Brigade
The total grants paid to individuals during the year was as follows:
Education Fund
Necessitous Fund||2025
£
58,330
752
693
59,775
2025
£
4,000
2025
£
800||2024
£
48,930
1,532
660
51,122
2024
£
7,900
2024
£
1,500|
|---|---|---|---|---|
||2025||2024||
||£||£||
||500||500||
||300||500||
||-||500||
||||||
||800||1,500||
||||||
||2025
£
3,200
-
3,200||2024
£
5,600
800
6,400||
## **Education fund grants to individuals:**
During the year there were 12 grants paid including 2 grants of £350 and 10 grants of £250. In 2024 there were 16 grants paid of £350.
## **Necessitous fund grants to individuals:**
In 2025 there were no grants paid. In 2024 there was 1 grant paid of £350 and 1 of £450.
continued...
Page 8
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
|Governance
Management
costs
£
£
Property Expenses
185,682
-
Other Expenses
2,383
2,232
188,065
2,232|Totals
£
185,682
4,615|
||190,297|
Support costs, included in the above, are as follows:
|**Management**
Rates and water
Insurance
Postage and stationery
Sundries
Agents costs
Repairs and maintenance
Clerks honorarium
Office cleaning
**Finance**
Bank charges
**Governance costs**
Independent examiner's remuneration
**7.**
**INDEPENDENT EXAMINERS' REMUNERATION**
Independent examination|Property
Expenses
£
2,666
2,495
-
-
22,358
158,163
-
-
185,682|Other
Expenses
£
-
-
223
10
-
-
1,600
550
2,383|2025
Total
activities
£
2,666
2,495
223
10
22,358
158,163
1,600
550
188,065
2025
Total
activities
£
-
2025
Other
Expenses
£
2,232
2025
£
2,232|2024
Total
activities
£
4,346
2,388
268
163
10,281
67,356
1,500
550|
|---|---|---|---|---|
|||||86,852|
|||||2024
Total
activities
£
12
2024
Total
activities
£
2,100
2024
£
2,100|
continued...
Page 9
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
## **9. EMPLOYEES**
There were no employees and therefore no payroll in operation during the year. There were 9 trustees (2024: 10) and the clerk to the trustees.
## **10. FIXED ASSET INVESTMENTS**
||Investments|
|---|---|
||£|
|**MARKET VALUE**||
|At 1 January 2025|19,763|
|Additions|688|
|Revaluations|2,561|
|At 31 December 2025|23,012|
|**NET BOOK VALUE**||
|At 31 December 2025|23,012|
|At 31 December 2024|19,763|
|There were no investment assets outside the UK.||
|Cost or valuation at 31 December 2025 is represented by:||
||Investments|
||£|
|Valuation in 2025|23,012|
Although the fixed asset investments are included in the financial statements at market valuation, the original cost of the assets is unavailable as they were acquired before the involvement of any of the current Trustees. Therefore it is not possible to disclose the unrealised gains that are included within the above funds.
## **11. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 January 2025
and 31 December 2025
**NET BOOK VALUE**
At 31 December 2025
At 31 December 2024
Investment Properties|£
1,042,750|
|---|---|
||1,042,750|
||1,042,750|
|||
The properties listed below have been owned for many years by the charity. The most recent formal valuation, as at 31st December 2023, was carried out by the Property Management Agents at open market value. The charity has the use of an office within 6 & 8 Belton Street considered to be of immaterial value for accounts apportionment purposes.
|Opening|Closing|
|---|---|
|Valuation|Valuation|
continued...
Page 10
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **11. INVESTMENT PROPERTY - continued**
|**INVESTMENT PROPERTY - continued**|||
|---|---|---|
|Properties at Shepshed, Leics|£|£|
||||
|2 Belton Street|97,500|97,500|
|4 Belton Street|97,500|97,500|
|6 & 8 Belton Street|102,500|102,500|
|10 Belton Street|101,500|101,500|
|12 Belton Street|103,750|103,750|
|14 Belton Street|107,500|107,500|
|16 Belton Street|97,500|97,500|
|18 Belton Street|97,500|97,500|
|20 Belton Street|97,500|97,500|
|2/4 Britannia Street|140,000|140,000|
||||
||1,042,750|1,042,750|
||||
||||
The Trustees have reviewed investment property values as at 31 December 2025 and are satisfied that they have not changed materially.
Fair value at 31 December 2025 is represented by:
|Fair value at|31 December 2025 is represented by:||
|---|---|---|
|||£|
|Valuation in|2025|1,042,750|
## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
Prepayments
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
Accrued expenses|2025
£
6,591
209
6,800
2025
£
215
2,232
2,447|2024
£
3,874
199|
|---|---|---|
|||4,073|
|||2024
£
-
2,300|
|||2,300|
## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **14. MOVEMENT IN FUNDS**
|**Unrestricted funds**
Unrestricted- General fund
Designated- Education Fund
Designated-Necessitous Fund
Fair Value reserve
**Restricted funds**
Vine House Trust Restricted Funds
**TOTAL FUNDS**|At 1.1.25
£
914,646
9,664
7,548
260,750
1,192,608
-
1,192,608|Net
movement
in funds
£
(96,383)
(3,200)
(800)
-
(100,383)
10,000
(90,383)|Transfers
between
funds
£
(9,000)
6,000
3,000
-
-
-
-|At
31.12.25
£
809,263
12,464
9,748
260,750|
|---|---|---|---|---|
|||||1,092,225
10,000|
|||||1,102,225|
continued...
Page 11
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **14. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Unrestricted- General fund
Designated- Education Fund
Designated-Necessitous Fund
**Restricted funds**
Vine House Trust Restricted Funds
**TOTAL FUNDS**|Incoming
resources
£
91,353
-
-
91,353
10,000
101,353|Resources
expended
£
(190,297)
(3,200)
(800)
(194,297)
-
(194,297)|Gains and
Movement
losses
in funds
£
£
2,561
(96,383)
-
(3,200)
-
(800)
2,561
(100,383)
-
10,000
2,561
(90,383)|Gains and
Movement
losses
in funds
£
£
2,561
(96,383)
-
(3,200)
-
(800)
2,561
(100,383)
-
10,000
2,561
(90,383)|
|---|---|---|---|---|
|||||(100,383)
10,000|
|||||(90,383)|
**Comparatives for movement in funds**
|**Unrestricted funds**
Unrestricted- General fund
Designated- Education Fund
Designated-Necessitous Fund
Fair Value reserve
**TOTAL FUNDS**|At 1.1.24
£
925,145
9,464
6,548
260,750
1,201,907
1,201,907|Net
movement
in funds
£
(1,399)
(5,600)
(2,300)
-
(9,299)
(9,299)|Transfers
between
funds
£
(9,100)
5,800
3,300
-
-
-|At
31.12.24
£
914,646
9,664
7,548
260,750|
|---|---|---|---|---|
|||||1,192,608|
|||||1,192,608|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|Unrestricted- General fund|86,954|(88,964)|611|(1,399)|
|Designated- Education Fund|-|(5,600)|-|(5,600)|
|Designated-Necessitous Fund|-|(2,300)|-|(2,300)|
||86,954|(96,864)|611|(9,299)|
|**TOTAL FUNDS**|86,954|(96,864)|611|(9,299)|
The designated funds for Necessitous and Education Grants in accordance with the Trust document are derived from an allocation of surplus income after account has been made for general expenditure, management costs etc, of investment property and appropriate provision for repair and refurbishment of investment property.
The Vine House Trust restricted fund relates to monies received from the Vine House Trust Charity upon its closure, that are restricted to fund the community bus or to be paid to other beneficiaries, as specified by the Vine House Trust at the point this money was received.
continued...
Page 12
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **15. RELATED PARTY DISCLOSURES**
The Charity recieved a grant of £20,000 from The Helen Jean Cope Charity in 2025. The Chair of trustees of The John Lambert Charities is also the Chair of trustees of The Helen Jean Cope Charity. There were no related party transactions for the year ended 31 December 2024.
## **16. FINANCIAL INSTRUMENTS**
The carrying amount of the charity's financial instruments are as follows:
|The carrying amount of the charity's financial instruments are as follows:|||
|---|---|---|
||2025|2024|
||£|£|
|**Financial assets at fair value through income and expenditure**|||
|Listed investments|23,012|19,763|
The incomes, expenses, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
|follows:|||
|---|---|---|
||2025|2024|
||£|£|
|Net gains and losses (including changes in fair value)|||
|Financial assets measured at fair value through net income/expenditure|2,561|611|
The total dividend income from financial assets that are measured at fair value through the income statement was £693 (2024: £660).
Page 13
**THE JOHN LAMBERT CHARITIES - SHEPSHED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Investments**
Rents received
Deposit account interest
Income from Listed investments
**Other income**
Insurance claim
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to institutions
Grants to individuals
**Support costs**
**Management**
Rates and water
Insurance
Postage and stationery
Sundries
Agents costs
Repairs and maintenance
Clerks honorarium
Office cleaning
**Finance**
Bank charges
**Governance costs**
Independent examiner's remuneration
Total resources expended
**Net expenditure before gains and losses**
**Unrealised recognised gains and losses**
Unrealised gains/(losses) on fixed asset investments
**Net expenditure**|2025
£
19,900
20,000
39,900
58,330
752
693
59,775
1,678
101,353
800
3,200
4,000
2,666
2,495
223
10
22,358
158,163
1,600
550
188,065
-
2,232
194,297
(92,944)
2,561
(90,383)|2024
£
35,000
-
35,000
48,930
1,532
660
51,122
832
86,954
1,500
6,400
7,900
4,346
2,388
268
163
10,281
67,356
1,500
550
86,852
12
2,100
96,864
(9,910)
611
(9,299)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14