REGISTERED COMPANY NUMBER: 06660648 (England and Wales) REGISTERED CHARITY NUMBER: 1125937
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
THE HELEN JEAN COPE CHARITY
Duncan & Toplis Limited
3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR
THE HELEN JEAN COPE CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 18 |
| Detailed Statement of Financial Activities | 19 | to | 20 |
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. 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 objects of the charity are to distribute the charity's assets to local charitable causes which must be registered charities.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The objectives and everything the charity does is for the public benefit.
Grantmaking
The grant policy is to:- give donations to registered charities only. - not to give to individuals.
- not to make any permanent on-going commitment to any one charity. - to consider repeat applications on their merit and in the light of the financial position at that time. - consider applications from non-local charities on their merit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity has distributed 68 (2024: 43) grants to charities during the period.
FINANCIAL REVIEW
Financial position
The total expenditure during the period was £228,970 (2024: £117,577).
The charity has total funds carried forward of £13,581,921 (2024: £7,629,144) which will be used to continue meeting the charity's objectives.
During the year, the charity sold a portion of land for £7.6m net of the legal and professional costs incurred in negotiating the sale, recognising a gain of £5.7m. (see note 18) The monies recieved were added to the charities investment portfolio.
Investment policy and objectives
The Constitution authorise the trustees to make and hold investments using the assets of the charity. The trustees have entered into a discretionary management agreement of the investment portfolio with Charles Stanley and Company Ltd. The trustees have asked the brokers to take into account any social, environmental or ethical considerations when managing the portfolio. During the year the trustees also entered into a discretionary management agreement with Redmayne Bentley LLP, who now manage half of the investment portfolio.
The overall value of the charity's listed and unlisted investments holdings increased by £7,437,913 during the year, with the money recieved from the sale of the land (disclosed in note 18) deposited in the investment portfolio. Gross dividends received in the period amounted to £128,782 (2024: £79,927).
Reserves policy
The Charity's unrestricted funds are mainly invested in stocks and shares. The Charity does not solicit donations or receive any grants, nor does it provide continued funding to any organisations. The likelihood of a shortfall arising meaning that a reserve is necessary is considered so low that the Trustees believe that the Charity's reserves can be set at a level to simply cover the contractual expenses of the Charity relating to its continued operations which are as follows:
a) Lease of the office premises (maximum commitment of three years) b) Public Liability and office Insurance
c) Salary of part time Administrator
d) Fees payable to professional advisers e) General administration costs f) Such other expenditure as the Trustees may from time to time consider necessary for the operation of the Charity
The Trustees have resolved that a sum sufficient to cover three years expenses shall at all times be reserved from the assets of the Charity or until such time as the Charity shall come to an end.
Page 1
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Helen Jean Cope Charity is a charitable company limited by guarantee and registered in England and Wales Number: 06660648.
Charity constitution
The charitable company was incorporated on 30 July 2008 and registered under the number 1125937 with the Charity Commission. The company took over the assets and operations of the charity "The Helen Jean Cope Trust" which was removed as a charity. The trustees of the charity were the same as the trustees of The Helen Jean Cope Trust. These were originally two of the executors named in the will of Miss Helen Jean Cope plus three additional trustees that were appointed in accordance with the discretion conferred by the will to the executors. Appointment of any further trustees is now at the discretion of existing trustees and in accordance with the Memorandum and Articles of Association.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up.
Organisational structure
The charity is run by six trustees who meet on a regular basis and consider applications for grants. Applications for grants are received from registered charities in the United Kingdom who hear about the charity by way of articles in local newspapers and also National Charities Register. Information regarding the charity is also held in local libraries.
The tenanted land and buildings are administered by the managing agents, E A Lane and Sons.
Risk management
The trustees have assessed the major risks to which the charity is exposed, are are satisfied that the systems are in place to mitigate exposure to the major risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06660648 (England and Wales)
Registered Charity number
1125937
Registered office
1 Woodgate Loughborough Leicestershire LE11 2TY
Trustees
Miss Lindsay Ann Brydson Mr Graham Sidney Freckelton Mr Alan Roberts Mr John Malcolm Carrington Mr Anthony John Benskin Mr Matthew Graham Freckelton
Company Secretary
Mr John Malcolm Carrington
Independent Examiner
Niall Kingsley FCA Duncan & Toplis Limited 3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR
Page 2
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS Solicitors
Fieldings Porter Silverwell House Silverwell Street Bolton BL1 1PT
Bankers
HSBC Bank plc P O Box 13 41 Market Place Loughborough Leicestershire LE11 3EJ
Investment advisors
Charles Stanley and Company Limited 25 Luke Street London EC2A 4AR
Redmayne Bentley LLP 3 Wellington Place Leeds LS1 4AP
Land agents
E A Lane and Sons 100 Regent Road Leicester LE1 7DG
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved and authorised for issue by order of the board of trustees on ............................................. and signed on its behalf by:
..............................................................................
Mr Graham Sidney Freckelton - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HELEN JEAN COPE CHARITY
Independent examiner's report to the trustees of The Helen Jean Cope Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also 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').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as 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(5) (b) of the 2011 Act.
Independent examiner's 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; or
-
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 fair 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 Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 4
THE HELEN JEAN COPE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 3 Other income 4 Total EXPENDITURE ON Raising funds Investment management costs 5 Charitable activities 6 Charitable activities Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted funds £ 176,118 - 176,118 31,705 31,705 197,265 228,970 6,005,629 5,952,777 7,629,144 13,581,921 |
2024 Total funds £ 97,669 200 |
|---|---|---|
| 97,869 | ||
| 14,278 | ||
| 14,278 103,299 |
||
| 117,577 | ||
| 971,617 | ||
| 951,909 6,677,235 |
||
| 7,629,144 |
The notes form part of these financial statements
Page 5
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
BALANCE SHEET 31 DECEMBER 2025
| Notes FIXED ASSETS Tangible assets 16 Investments Investments 17 Investment property 18 CURRENT ASSETS Debtors 19 Cash at bank CREDITORS Amounts falling due within one year 20 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 22 Unrestricted funds: General fund Fair Value Reserve TOTAL FUNDS |
2025 Unrestricted funds £ 178 9,562,189 3,250,000 12,812,367 3,361 786,321 789,682 (20,128) 769,554 13,581,921 13,581,921 11,521,697 2,060,224 13,581,921 13,581,921 |
2024 Total funds £ 285 2,124,276 5,331,050 |
|---|---|---|
| 7,455,611 6,789 174,551 |
||
| 181,340 (7,807) |
||
| 173,533 | ||
| 7,629,144 | ||
| 7,629,144 | ||
| 3,603,094 4,026,050 |
||
| 7,629,144 | ||
| 7,629,144 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
BALANCE SHEET - continued 31 DECEMBER 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
Mr Graham Sidney Freckelton - Trustee
The notes form part of these financial statements
Page 7
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. GENERAL INFORMATION
The Helen Jean Cope Charity is a private Charitable Company Limited by Guarantee registered in England and Wales. The charity's registered number is 1125937 and the Company registration number is 06660648. The registered office and principal address of the charity is 1 Woodgate, Loughborough, Leicestershire, LE11 2TY.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements 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 concerns relating to going concern.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company 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.
To ensure compliance with the accruals concept it may be necessary to defer income into the following period.
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.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Fixtures and fittings 15% on cost
Investment property
Investment property is shown at the most recent valuation.
continued...
Page 8
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
2. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Investments
Fixed asset investments are measured at fair value if the shares are publicly traded or can otherwise be measured reliably.
The valuation of the unlisted shares is based on the charitable company's percentage shareholding of the net assets of the unlisted company which it holds shares in per the latest available accounts.
Realised and unrealised gains or losses on assets are accounted for in full within the particular fund of which the asset forms a part.
Value Added Tax
The charity is not required to register for VAT. All income and expenses include VAT where applicable.
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.
3. INVESTMENT INCOME
| Rents received Income from listed investments Income from unlisted investments Deposit account interest |
2025 £ 18,830 124,825 3,957 28,506 176,118 |
2024 £ 17,122 74,929 4,998 620 |
|---|---|---|
| 97,669 |
4. OTHER INCOME
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank compensation | - | 200 |
continued...
Page 9
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
5. INVESTMENT MANAGEMENT COSTS
| Fund manager costs 6. CHARITABLE ACTIVITIES COSTS Charitable activities 7. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Rent Repairs Travel expenses Legal and professional fees Depreciation 8. GRANTS PAYABLE Charitable activities The total grants paid to institutions during the year was a Per note 25 |
Direct Costs (see note 7) £ 39,590 s follows: |
Grant funding of activities (see note 8) £ 151,825 |
2025 £ 31,705 Support costs (see note 9) £ 5,850 2025 £ 10,551 129 2,085 1,881 719 1,401 4,781 9,000 1,248 3,881 3,808 106 39,590 2025 £ 151,825 2025 £ 151,825 |
2024 £ 14,278 Totals £ 197,265 |
2024 £ 14,278 |
|---|---|---|---|---|---|
| 2024 £ 10,019 153 2,051 3,343 713 1,614 2,736 9,000 6,456 2,296 1,168 108 |
|||||
| 39,657 | |||||
| 2024 £ 58,000 |
|||||
| 2024 £ 58,000 |
Grants paid to institutions are analysed in detail in note 25. Grants are paid to institutions in accordance with the objects as detailed in the trustees report.
continued...
Page 10
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
| 9. | SUPPORT COSTS | |||
|---|---|---|---|---|
| Governance | ||||
| Finance | costs | Totals | ||
| £ | £ | £ | ||
| Charitable activities | 69 | 5,781 | 5,850 | |
| 10. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation - owned assets | 107 | 108 | ||
| 11. | INDEPENDENT EXAMINERS' REMUNERATION | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Payroll and Company Secretarial Fees | 1,545 | 1,124 | ||
| Independent Examination and preparation of accounts | 4,236 | 4,428 |
12. 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
The reimbursement of trustees' expenses was as follows:
| 2024 2023 |
2024 | 2023 |
|---|---|---|
| Number Number |
£ | £ |
| Travel, subsistence and general expenses 6 6 |
4,516 | 4,579 |
| 4,516 | 4,579 | |
| STAFF COSTS Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Secretarial Trustees |
2025 £ 10,425 - 126 10,551 2025 1 6 7 |
2024 £ 10,050 (100) 69 10,019 2024 1 6 7 |
13. STAFF COSTS
No employees received emoluments in excess of £60,000.
continued...
Page 11
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
14. EXCEPTIONAL ITEMS
Included within net gains on investments in the Statement of Financial Activities is £5,718,427 relating to a realised gain on the sale of land. The remainder of the net gain on investments is an unrealised gain of £477,752 through a revaluation of the fixed asset investments, and an unrealised loss of £190,550 on revaluation of the remainder of the investment property.
15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| funds | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Investment income | 97,669 | |
| Other income | 200 | |
| Total | 97,869 | |
| EXPENDITURE ON | ||
| Raising funds | ||
| Investment management costs | 14,278 | |
| 14,278 | ||
| Charitable activities | ||
| Charitable activities | 103,299 | |
| Total | 117,577 | |
| Net gains on investments | 971,617 | |
| NET INCOME | 951,909 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 6,677,235 | |
| TOTAL FUNDS CARRIED FORWARD | 7,629,144 | |
| 16. | TANGIBLE FIXED ASSETS | |
| Fixtures | ||
| and | ||
| fittings | ||
| £ | ||
| COST | ||
| At 1 January 2025 and 31 December 2025 | 853 | |
| DEPRECIATION | ||
| At 1 January 2025 | 568 | |
| Charge for year | 107 | |
| At 31 December 2025 | 675 | |
| NET BOOK VALUE | ||
| At 31 December 2025 | 178 | |
| At 31 December 2024 | 285 |
continued...
Page 12
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
17. FIXED ASSET INVESTMENTS
| Listed investments £ MARKET VALUE At 1 January 2025 2,007,160 Additions 7,540,482 Disposals (518,140) Revaluations 415,851 At 31 December 2025 9,445,353 NET BOOK VALUE At 31 December 2025 9,445,353 At 31 December 2024 2,007,160 The investment assets are held: Listed investments £ In the UK 4,495,858 Outside the UK 4,949,495 9,445,353 Historical cost: At 31 December 2025 8,699,621 At 31 December 2024 1,797,113 Cost or valuation at 31 December 2025 is represented by: Listed investments £ Valuation in 2025 9,445,353 18. INVESTMENT PROPERTY FAIR VALUE At 1 January 2025 Disposals Revaluation At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 |
Listed investments £ 2,007,160 7,540,482 (518,140) 415,851 9,445,353 9,445,353 2,007,160 |
Unlisted investments £ 117,116 - - (280) 116,836 116,836 117,116 |
Unlisted investments £ 117,116 - - (280) 116,836 116,836 117,116 |
Totals £ 2,124,276 7,540,482 (518,140) 415,571 9,562,189 9,562,189 2,124,276 |
|
|---|---|---|---|---|---|
| Unlisted shares |
Totals | ||||
| £ | £ | £ | |||
| 4,495,858 | 116,836 | 4,612,694 | |||
| 4,949,495 | - | 4,949,495 | |||
| 9,445,353 | 116,836 | 9,562,189 | |||
| 8,699,621 | 29,988 | 8,729,609 | |||
| 1,797,113 | 29,988 | 1,804,422 | |||
| Listed investments £ 9,445,353 |
Unlisted investments £ 116,836 |
The valuation of the investment property was based on the valuation by E A Lane & Sons at 31 December 2025, a professional Chartered Surveyor with experience in the location and class of the property.
continued...
Page 13
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
18. INVESTMENT PROPERTY - continued
During the year, the land off Snells Nook Lane, which recieved planning permission in 2024, was sold for £7.6m net of the legal and professional costs incurred in negotiating the sale. This land was held at a valuation of £1.89m as at 31st December 2024, the remaining £5.71m has been recognised within the net gains on investments line of the Statement of Financial Activities.
Fair value at 31 December 2025 is represented by:
| Valuation in 2025 19. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accruals |
2025 £ 183 3,178 3,361 2025 £ 73 25 20,030 20,128 |
£ 3,250,000 |
£ 3,250,000 |
£ 3,250,000 |
|---|---|---|---|---|
| 2024 £ 232 6,557 |
||||
| 6,789 | ||||
| 2024 £ 69 162 7,576 |
||||
| 7,807 |
21. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years In more than five years 22. MOVEMENT IN FUNDS Unrestricted funds General fund Fair Value Reserve TOTAL FUNDS |
At 1.1.25 £ 3,603,094 4,026,050 7,629,144 7,629,144 |
Net movement in funds £ 6,143,327 (190,550) 5,952,777 5,952,777 |
2025 £ 9,000 36,000 15,750 60,750 Transfers between funds £ 1,775,276 (1,775,276) - - |
2024 £ 9,000 36,000 24,750 69,750 At 31.12.25 £ 11,521,697 2,060,224 |
2024 £ 9,000 36,000 24,750 |
|---|---|---|---|---|---|
| 69,750 | |||||
| 13,581,921 | |||||
| 13,581,921 |
continued...
Page 14
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
22. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fair Value Reserve TOTAL FUNDS |
Incoming resources £ 176,118 - 176,118 176,118 |
Resources expended £ (228,970) - (228,970) (228,970) |
Gains and losses £ 6,196,179 (190,550) 6,005,629 6,005,629 |
Movement in funds £ 6,143,327 (190,550) |
|---|---|---|---|---|
| 5,952,777 | ||||
| 5,952,777 |
Comparatives for movement in funds
| Unrestricted funds General fund Fair Value Reserve TOTAL FUNDS |
At 1.1.24 £ 3,576,185 3,101,050 6,677,235 6,677,235 |
Net movement in funds £ 26,909 925,000 951,909 951,909 |
At 31.12.24 £ 3,603,094 4,026,050 |
|---|---|---|---|
| 7,629,144 | |||
| 7,629,144 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fair Value Reserve TOTAL FUNDS |
Incoming resources £ 97,869 - 97,869 97,869 |
Resources expended £ (117,577) - (117,577) (117,577) |
Gains and Movement losses in funds £ £ 46,617 26,909 925,000 925,000 971,617 951,909 971,617 951,909 |
Gains and Movement losses in funds £ £ 46,617 26,909 925,000 925,000 971,617 951,909 971,617 951,909 |
|---|---|---|---|---|
| 951,909 | ||||
| 951,909 |
23. RELATED PARTY DISCLOSURES
During the year £9,000 (2024: £9,000) was paid by the charity to rent their offices, which are part owned by Mr G Freckelton, a trustee of the charity.
During the year a grant of £20,000 was made to The John Lambert Charities. The Chair of trustees of The Helen Jean Cope Charity is also the Chair of trustees of The John Lambert Charities.
continued...
Page 15
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
24. 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 | 9,445,353 | 2,007,160 |
| Unlisted investments | 116,836 | 117,116 |
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 | 477,752 | 46,617 |
The total dividend income from financial assets that are measured at fair value through the income statement was £128,782 (2024 - £79,927).
continued...
Page 16
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
25. GRANTS TO INSTITUTIONS
| Registration No. | Name of Charity | Amount |
|---|---|---|
| £ | ||
| 1202093 | 1st Shelford & East Bridgeford Scout Group | 2,000 |
| 1026460 | Age Concern | 1,000 |
| All Saints Church Dunton Bassett | 1,000 | |
| 1171031 | All Saints Holy Trinity Church Loughborough | 10,000 |
| 1062718 | Ashfield Home Safety Project | 1,500 |
| 1063965 | Asthma Relief | 2,000 |
| 1078287 | British Wireless for the Blind Fund | 1,500 |
| 9803680 | Canine Partners | 1,000 |
| 1060827 | Charnwood Christmas Toy Appeal | 5,000 |
| 1102353 | Citizens Advice Charnwood | 1,000 |
| 1105195 | Clowns in the Sky | 750 |
| 1169556 | Cornwater Evergreens | 1,500 |
| 1146586 | Crackerjacks Children's Trust | 500 |
| 1098120 | Criminon UK | 1,000 |
| 1104839 | The David Clarke Railway Trust | 5,000 |
| 2426281 | Deaf Blind UK | 1,500 |
| 1098874 | Derbyshire Leicestershire & Rutland Air ambulance | 2,000 |
| 223219 | Derby Toc H Children's Camp | 2,000 |
| Desford Free Church | 2,000 | |
| 1088623 | Enrych | 1,000 |
| 800262 | Family Holiday Charity | 2,500 |
| 1165062 | First Step | 1,000 |
| 1088685 | Headway Nottingham | 2,000 |
| 1154754 | Hinckley Area Foodbank | 1,000 |
| 1097005 | Home Start Nottingham | 1,000 |
| 1119799 | John Lamberts Charity | 20,000 |
| 1107119 | LRYSA | 1,000 |
| 1190204 | LCH Charity | 1,000 |
| 1025337 | Leicester Print Workshop | 2,000 |
| 1180906 | Limb Power | 4,500 |
| 1166562 | Loughborough Bellfoundry Trust | 4,000 |
| Sc024414 | Maggie's | 2,000 |
| 214212 | Mosaic | 1,000 |
| 1085862 | Nottingham Arts Theatre | 2,000 |
| 1132009 | Oadby Baptist Church | 1,500 |
| 1200587 | Open Minds | 1,000 |
| 1151117 | Peter Le Marchant | 5,000 |
| 1976318 | Reach | 1,000 |
| 1133832 | Rothley Parish Church | 1,000 |
| 226686 | Royal Air Forces Association | 1,500 |
| 1081009 | Royal Air Force Benevolent Fund | 5,000 |
| 1054097 | SIA | 1,000 |
| 1133481 | STAA | 1,000 |
| 1093936 | Safe and Sound | 1,000 |
| 1064715 | Salcare | 1,000 |
| 1170646 | Scropton Riding for the Disabled | 2,000 |
| 313013 | Sea Cadets | 5,325 |
| 289868 | Sense | 1,000 |
| 1039294 | Shepshed Glenmore Centre - Christmas lunch | 750 |
| 1039294 | Shepshed Glenmore Centre - Ceiling Repair | 2,000 |
| 210031 | Speech and Language UK | 1,500 |
| 1106815 | Spinal Muscular Atrophy UK | 1,000 |
| St Mary's Church Barkby | 5,000 | |
| St Mary's Church Greetham | 1,500 | |
| 1050596 | The Bridge (East Midlands) | 2,000 |
| 218063 | The Derbyshire Children's Holiday Centre | 1,500 |
| 1056825 | The Friary | 2,000 |
| 1082850 | The Haven | 1,000 |
| 1181267 | The Hygiene Bank | 1,000 |
| 225348 | The Poppy Factory | 1,000 |
continued...
Page 17
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
25. GRANTS TO INSTITUTIONS - continued
| GRANTS TO INSTITUTIONS - continued | |
|---|---|
| 1193232 The Respite Association |
1,000 |
| The Rotary Club of Loughborough Beacon | 2,500 |
| 292216 The Wheely Boat Trust |
2,000 |
| 1165203 Trent District Community First Responders |
2,000 |
| 1128708 Trinity Methodist Church Loughborough |
1,500 |
| 1207481 Triple Skillz Charity |
1,000 |
| 1188611 UK Veterans Hearing Foundation |
2,500 |
| 1113659 Warning Zone |
2,500 |
| 151,825 | |
Page 18
THE HELEN JEAN COPE CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| INCOME AND ENDOWMENTS Investment income Rents received Income from listed investments Income from unlisted investments Deposit account interest Other income Bank compensation Total incoming resources EXPENDITURE Investment management costs Fund manager costs Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Rent Repairs Travel expenses Legal and professional fees Fixtures and fittings Grants to institutions Support costs Finance Bank charges Governance costs Independent Examiners' remuneration Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Gains/(losses) on fixed asset investments- Realised and Unrealised Carried forward |
2025 £ 18,830 124,825 3,957 28,506 176,118 - 176,118 31,705 10,425 - 126 129 2,085 1,881 719 1,401 4,781 9,000 1,248 3,881 3,808 106 151,825 191,415 69 5,781 228,970 (52,852) 477,752 419,119 |
2024 £ 17,122 74,929 4,998 620 97,669 200 97,869 14,278 10,050 (100) 69 153 2,051 3,343 713 1,614 2,736 9,000 6,456 2,296 1,168 108 58,000 97,657 90 5,552 117,577 (19,708) 46,617 21,357 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 19
THE HELEN JEAN COPE CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 |
|
|---|---|
| 2025 £ Realised recognised gains and losses Brought forward 419,119 Realised gains/(losses) on investment property 5,718,427 Net income 6,143,327 |
2024 £ 21,357 - |
| 26,909 |
This page does not form part of the statutory financial statements
Page 20