THE LIZIANTHUS TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 CHARITY NO. 1125215 ALLEN, WEST, AND FOSTER CHARTERED ACCOUNTANTS THE LIZIANTHUS TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 CONTENTS PAGE Truslees, Report Independènt Accountants Report Statement of Financial Activities Stalement of Financial Position Notes to the Financial Ststements 6-10 THE LIZIANTHUS TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5TH APRIL 2024 The Iruslees are pleased to pr8sent their annual trustees, report together with the financi31 stat8m8nls of Ihe charity for thg yaar ended 5th April 2024. The financial statements comply with the Charities Act 2011. thè Charity's Trust Deed and Aecounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20151. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document The organ15alion is a registered charity - originally registered on 28tn July 2008. The organisation has a Trust Deed which establish85 Ils objects and the powers of the charity. This was originally drawn up on 2ry1 July 2008. Recrultment and Appointment olmanagement Committee Jeni Vlne, Steve Wagslaff. Tim Hollins, an¢J Maureen Russell continued throughout the year as trustees. Trustees are appointed for their demonstrable commitment to supporting work lo relieve financial hardship and social andlor economic disadvantage and work tha: advances education in Latin America. They are also required lo have sufficlenl language skills lo comprehend projects written in Spanish. They are appoinl8d for an undefined amount of time. Trustees are appoinleij lo the roles ol Chair and Secretary al each AGM by trustee vole. Trusteo Inductlon and Tralnlng There were no new Iruslees appointed during the year. Rlsk Mjnagement The previously appointed inve91mènt managfjr continued lo manage the Trust funds and lo provide 8 ri$k profile. The Iruslees continued lo review investment reports and the risk profile. The Trust has continued lo provlde donallons lo charitabl8 causes. It has not sel up any other type ol proi&cl or direct activity. Organl$atlonal Stru¢turn The trustees Continued to manage the affairs ol the trust. considerlng the advlce of the investm8nl manager, financial advisor and prop8ty agent. The Trustees now engage a conlra¢tor lo administer the charity's Adminislrauon functions. There are no other paflies involved in the organisalion either paid or unpaid. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT As defined in Ihe Trusi Deed the otsiects ar8. The rollef ol Ilnanclal hardship and social andlor e￿noMiC disadvantage for the beneflt of the public. 2. The advancemeni ol education of peopl8 of all ages. 3. The promollon of such other cMaTllable pufposès as trustees think flt. The activities in this year of op8ralion were to ensure that Tru$tee$ continued lo be aware of their responsibil¢t108, to manage the Irusl, to develop policies, to identify potential recipients of donations. and lo implement agreed donations. The trustees have had regard for the Charity Commlssion guidance on public benefit. Throughout the year, the Trust continued to apply its Area of Operations Policy {last amended al its AGM in October 2015. ACHIEVEMENTS AND PERFORMANCE During the year the Trust made sever81 disbursements lo charitable causes and made ￿anS for further disbursements in future years. The Iruslees continued lo develop thèir undefstanding of governance and operation. The trustees considor that Ils system of management reporting is excellent for a charity ol this size and profile. THE LIZIANTHUS TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2024- continued FINANCIAL REVIEW The investment manager reported that the return inveslmenls over the year had been comparable lo well-known benchmarks such as FTSE 100. The Trustees r8ceive detailed reports and retain confid8nce in Ihe investment manager's strategy. Investment Pollcy Th6 Trust has continued lo retain some reserves in cash form, sufficient to provide readily available funds for disbur5ernents. The remainder will continue lo be Invested for the longer term. using the same balanced risk portlolio. Regular Investment review meetings with our financial advisor continued. The financial advisor liaises with the investment manager on our behalf. R•serves Policy The Irusiees have considered the ¢harity's requirements for reserves in the light of the main risks lo the organizalion. Since there are no employees and no signilicanl regular oulgoings. il has been decKled that Iherg is no requirement to build up unrestricted reservés lo a specific amount since annual budgetéd expendilure lor the management ol the trust is low. This policy will be roviowed annually. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are required under the Charities Act 2011, to prepare flnancial slalements for each financial period, which give a true and fair view of the charity's financial activities during the period and of ils financial posilion al the end of the period. In preparing financial statements giving a true and fair view, the Iruslees should follow the best practice and.. {al Select sultable accounting policies and apply them consistently. {b} Make judgements and estimates Ihal are reasonable and prud6nl. Ic) Prepare the flnancl81 gtatemenls on the going concern basis unless it is inappropriale lo presume that the charity will continue in operation. The trustees are fe3ponslble for keeplng a¢¢ounting records which disclose with reasonable accuracy the financial position of Ihe charity, and which enable them to ensure that Ihe financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevenllon and detection of fraud and other irregularities. This report has been prapar8d In accordance with the Statement of Recommended Pracuce