THE A W LYMN CENTENARY FOUNDATION ANNUAL REPORT YEAR ENDED 5 NOVEMBER 2023 Registered Charity Number: 1124161 UNAUDITED THE A W LYMN CENTENARY FOUNDATION CONTENTS YEAR ENDED 5 NOVEMBER 2023 CONTENTS Page No. PARTICULARS OF THE TRUST REPORT OF THE TRUSTEES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS THE A W LYMN CENTENARY FOUNDATION PARTICULARS OF THE TRUST YEAR ENDED 5 NOVEMBER 2023 TRUSTEES Jonathan Baker Chloe Lymn Rose Joanna Bossart lan Moorman Mark Chapman SEThLOR A.W.Lymn The Family Funeral Service Limited DATE OF DEED 30 October 2007 PRINCIPAL ADDRESS Robin Hood House Robin Hood Street Noltingham NG3 1GF ACCOUNTANTS Cooper Parry Group Limited Sky View Argosy Road East Midlands Airport Castle Donington DE74 2SA INDEPENDENT EXAMINER Miss Alison Fovargue FCA of Cooper Parry Group Limited THE A W LYMN CENTENARY FOUNDATION REPORT OF THE TRUSTEES YEAR ENDED 5 NOVEMBER 2023 Flnanclal Statements The trustees present their annual report and financial statements for the year ended 5 November 2023. structure Governance and Management The Charity was created by a Trust Deed dated 30 October 2007 which directs that the trust funds should be used for such charitable purposes as the trustees, in their absolute discretion, consider fit. The Trustees shall hold the capital and income of the Trust Fund upon trust lo apply the income, and all or such part or parts of the capitsl, at such time or times and in such manner to, or for the benefit of such exclusively charitable objects and purposes in any part of the world as the Trustees may in their discretion think fil. New trustees are appointed by a resolution of a meeting of the Trustees bul only with the consent of the Board of Directors of the Settlor Company whilst the Settior remains in existence. Objectives and Activities The sole objective and activity is the giving of grants. The trustees are aware that they must carry on the charity's activities for the public benefit and that they musl pay due regard lo the guidance on public benefit issued by the Charity Commission. They consider that the charity's aims and activities are for the public benefit since it is a grant making trust which gives only to either registered charities or needy individuals. Achievements and Perfomiance The income of the trust during the year was £32,02212022 - £32,228). During the year, grants of £28,391 12022 - £34,050) were made lo institutions and grants of £200 12022 £501 were made lo individuals. We list below the grants made of £1,000 and above. The remaining grants of £26,591 were made lo a further 201 institutions and 3 individuals. Ark Church st Mary's Car Colston £1,000 £1,000 Financial Review The trust deed gives the trustees the power lo make investments as they Consider fil and al their absolute discretion. Reserves The Trustees reserves policy is to allow all reserves to be available for distribution as grants to worthwhile causes at any time. As at 5 November 2023, unrestricted funds tolalled £289,18512022.. £273,172). None of the trustees received any remuneration for their services or reimbursement of expenses. Trustees. responsibilities statement The Iruslees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel- THE A W LYMN CENTENARY FOUNDATION REPORT OF THE TRUSTEES YEAR ENDED 5 NOVEMBER 2023 The law applicable to charities in England & Wales requires the Iruslees lo prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial slalemenls, the Iruslees are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP 2019 IFRS 1021., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalements., prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the oharily will continue in operation. The tnjstees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included orb the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. On behalf of the Trustees Chloe Lymn Rose Dale.. 4 September 2024 THE A W LYMN CENTENARY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 5 NOVEMBER 2023 Independent Examinerfs Report to the Trustees of The A W Lymn Centenary Foundation I report lo the charity trustees on my examination of the accounts of the charity for the year ended 5 November 2023 which are sel out on pages 5 to 8. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 {'Ihe Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs 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.. accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a maller considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Allson Fovargue FCA Chartered Accountant Cooper Parry Group Limited Sky View Argosy Road East Midlands Airport Castle Donington Derby DE74 2SA Dale.. 04 September 2024 THE A W LYMN CENTENARY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 NOVEMBER 2023 Unrestrlcted Funds 2023 Unreslricled Funds 2022 Note Income from: Contributions from selllor Interest receivable 31.800 222 32,200 28 Total 32,022 32,228 Expenditure on: Raising funds Charitable activities 17231 128,591) 15621 134,1001 Tol81 129,314) 134,6621 Nel gains I Ilossesl on investments 13.305 114,9571 Net income 16.013 117,3911 Total funds brought forward 273,172 290,563 Total funds carried forward 289,185 273,172 THE A W LYMN CENTENARY FOUNDATION BALANCE SHEET AS AT 5 NOVEMBER 2023 2023 2022 Note CURRENT ASSETS Investments Debtors Cash at bank 241.327 67 47,863 289,257 228,680 10 44,550 273,240 LIABILITIES Creditors.. Amounts falling due within one year 1721 1681 NET CURRENT ASSETS 289 185 273,172 NET ASSETS 289.185 273,172 FUNDS A W Lymn Centenary Foundation Fund (Unrestricted) 289,185 273,172 Approved by the Trustees and signed on its behalf by.. Chloe Lymn Rose Dale.. 4 September 2024 THE A W LYMN CENTENARY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 NOVEMBER 2023 ACCOUNTING POLICIES BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance wilh the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland IFRS 102} 2019 (published October 2019), the Charities Act 2011 and applicable regulations. The financial statements have been prepared under the historical cost convention with items recognised as cost or transaction value unless otherwise slated in the relevant notelsl lo the accounts. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubl on the ability of the foundation lo continue as a going concern. The Iruslees make this assessment each year in respect of a period of one year from the date of approval of the financial stalemenls. bl FUNDS The unrestricted A W Lymn Centenary Foundation Fund may be used for such charitsble purposes as the trustees in their absolute discretion consider fit. INCOME AND EXPENDITURE Income and expenditure is accounted for on the accruals basis. dl SUPPORT COSTS Support costs represent expenditure in relation lo the adminislralion of the Charity. INVESTMENTS Investments are initially recognised at their transaction value and are subsequently measured at their market value al each balance sheet dale. Market value is the quoted bid priTr al the reporting date. Gains and losses are recognised in the statement of financial activities for the period. DEBTORS Short term debtors are measured at transaction price, less any impairment. gl CREDITORS Short term creditors are measured al transaction price. THE A W LYMN CENTENARY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 5 NOVEMBER 2023 2. CURRENT ASSET INVESTMENTS 2023 2022 Equities 241.327 228,680 2023 2022 Opening market value Purchases Sales Gains I Ilossesl on remeasuremenl to market value Closing market value 228.680 124,363 119,646 13721 114,9571 228,680 16581 13,305 241.327 3. DEBTORS 2023 2022 Other debtors 67 10 4. CREDITORS 2023 2022 Accruals 72 68 5. RELATED PARTIES During the year the foundation received donations of £31,800 12022= £32,200) from A.W.Lymn The Family Funeral Service Limited, of which certain Iruslees are diredors.