Charfty number: 1126293 THE LAKE HOUSE CHARITABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
THE LAKE HOUSE CHARrrABLE FOUNDATION CONTENTS Refgronce and Adminlstratfve Details of the Charity, ts TN8te68 and Advlsers Tmstw. Report Indopendent Examlneffs Report Statement of Flnanclal Activiiies Balanco Shoet Notss to the Flnanclal Statements 7-15
THE LAKE HOUSE CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2021 Trustees Mrs H C Perry. Chair MrA Butler-cassar, Trtssurer (resiJned 27 May 2021) Mr G F Maguire, Trustee {resigned 27 Jufy 2021) Mr8 S E Mulford. Trustee Mr T A Pery, Truste8 Mr M Platt, Trustee Mrs Sasha Platt, Trustee lapwin 17 tknber 2W20} Mr Alk8tair Candlk8h. Ttustee (appcAnted 27 July 2021) Charfty regiStored numbgr 1128293 Prfncipal office Goll Club Road st George's Hill Weybridge Surrsy KT13 ONJ IThdep¢ndt examiner and accountants Martin Bailey FCA Goodman Jones LLP Chartered Accountants 29130 Frkroy Square London W1T6LQ Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mallirvj Kent ME19 4JQ pe1
THE LAKE HOUSE CHARJTABLE FOUNDATION TRUSTEES, REpoirr FOR THE YEAR ENDED 6 APRIL 2021 The Trustses present their annual reKort wilh the fin8ncHI Wwnents ofthg Chaiity for the year 6 April 2020 to 5 April 2021. Objectlves and activltlgs a. Polici8$ and objectlv•s The objects of Charity are.. i) The care arKI support of arvj the provisic of financial supwl for. - disabled and sick childM and young people.. - chiklren and young people sufferirNJ frrxn emotional distress or frcln lack of stable famity upbringing., and - chikaren and young people sufferiro from SCci or educalbjnal disadvant4es. ill The reliefof poverty and Ca ofthe eldgty and ts prO5)n of aGcomm(xlation ts the ekd&rly. iii) Such ggnerd charitable purposes as the Trustees detemine. The Truste8s confim) that they haNE referr1 to the guKlan¢e Contan1 in the Charity Commission'8 gèneral guidance on publK benefft when rewemng th& Chitys aims Obl&ti and in pLrtIng future activitses land 8etting the grant making Fdicy for the year). b. Grant4naklng pollcles The Trustee8 review each appltIon on an indmdual basi5. knistance is tailored to the specrfic need of the beneficiary, provided the obsects of the Charity are si¥W. Achlev¢ment8 and wrfornmnce . RlaW of actfvtths During the year, distributed £79.055 {2¢y20." £104.3661 to 19 charitable organisation$12020: 29) and numter of Indiwduals. continuing to supwrt prqects that have assisted previousty as Yll as donating fund$ to chariknes not awarded granis prvauS. We belwe that the Charity ha8 sufftierrt a88ds to m881 its oblyt1s. Flnanclal revlv . Golng concern After making appropriat& enquiries. the Trustees have a SOnabkn expedion that the Charity has &aequate resources to continue in (¥>eration existence for the foreseeable future. For this reason. they continue lo adopt the going concem basis in Preparing finan¢HI sLknenls. Further delails warding the adopts'on of the going Cor basi$ can be ftrKI in the pol. Page 2
THE LAKE HOUSE CHARITABLE FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 b. Reserves pollcy Generalty, it is the Trustees, poly to expend the Charitys income. Hcwvm, it may be necessaryto build up income reserves. since the dwnand for assL8tance frcth the Charity ¢xcurs on a irregukr basis. At the end of the fanc year. the charity h&1 unrestricl&l fvrKls of £18.812 (2020.. £1.833). c. Material investments pollcy The charitable sewanent gimps the Trustggs thryde p($ to inve¥t as thty see fiL The Trustees maintain the poIKy lo invest for the best retum on the asss WIthrt un&ceptabkn values of rEk. Stntcture, govemanc• and managemgnt a. Con¥tiiutlon The prinapal object of the Charity i¥ to make distrbutb3ns mainty to small charities. wPtsJ are of peonal or Ictal inteSt to the trustees. The Charity is govemed by the dwilable setuwnent made on 21 April 2( by Mr8 H C Parry. b. Methods of appolntmwrt or el•cdon of Trust••s The number of trust*s must not be ths than three. nor more than seNEn. The settlor may nominate a new tw$t8e during her lifetime. Suty'ect to tha( tw$tees are apwinbj by the fe801ubon of the xting trustees. ¢. Rl8k m•nagw))ent The major ri8ks to whKh the Charity is expwd are ¢¢5erj arKI, th necessary. steps are taken to MItale arKI minimK8e those ks. Approv&1 by ¢Jrder ofthe rnbets ofthe tM)ard ofTnkn and signed on their behaw ty. Helen P Chair Page 3
THE LAKE HOUSE CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2021 Independent Examlnerfs Report to the Truslees of Th8 Lake House Charitablo Foundatlonllhè Charity.) I report lo the charAy Trustees on my examinat of accounts ofthe Charityfor the year end&J 5 April 2021. RpOnSibl11t18S and Basis of Raport As the Trustees of the Charity Jrju are reSFOnsb for thg preparabon of the accounts in aCccdar with the reqUIrnentS of the Charities Act 2011 {Ihe 2011 Arf). I report in re8pect of my eXamInab of Charivs wunts carried ¢Jrt under son 145 ofthe 2011 Act and in carying cwt my examination I have folk¥eJJ ts pIle Directiws gNen by the Charity Cnmlon under section 145(5)Ibl of the 2011 Act. Indendent Examlnots Statement Your attention is drawn to the fact thai the Charity ha5 PT9pal the nts in xcordarKe with AccountiNJ and Reporting by Charibes.. Ststement of Rrnrnended Pwli applicable to charities preparing their accounts in accordance with the Financial Re[M)"ng Standard applthble in the UK and Republ of Ireland (FRS 1021 in preferents to the Accounting and Repth'ng by Charities". Statement of Recommended Practi isyuèj on l April 2(M)5 is referred to in Ihg ethnt regutiOnS but has ba8n witrKlrawn. l understand that this has b9en done in order for the to provide a true and fair vivw in accordance wrth the Generally Aceepted Acc(yJnting Praclice effthe for reForting penods twinning on or after 1 January 2015. I have completed rny examination. I confimi that no maiters have i)yne to my attention in conrcti)n with the examirwtion gin9 me cause lo belwe that in any material resp&t'. accounting rdS were not kepl in resp&t of the Charty as B4uired by K)n 130 ofthe 2011 Act,. or the accounts do not c£Ynpty with the applrable requiremonts conceming the form and o)ntent of accounts set out in the Chariiies (AcccKJnts and Rewrt5} R&3ulations 2008 thr than any requirement that the accounts give a Irue and farf is not a mattgr Cons as part of an independent &xamination. I hav8 no coremS and ccrfne ac[ FK> cther Malte in conntttk?n with Ihe examination lo which attention should b8 drawn in this rep)rt in order to enable a proper understanding of the account$ to be reached. This report is maje solety to the Charl$ Tru¥tees. as a body, in accordance with Part 4 of the Charf(ies lAcUnts and Reports) Regulat)ns 2008. My VX)rk has teen undertaken so that I might state to the Chartls TTuslee8 those matters l am required lo state to them in an Iwendent Examinerfs Report and for no other purpose. To the fullest extent permrtted by l&v. l r1 accept or assume re8ponsits.lty to anyon8 other than the Charity and the Charitrfs Trustees as a t¥. for my for this report. Sign&J.. Dated.. 21-12-21 Martln Bailgy FCA Gcodman Jones LLP 29130 Fitzroy Square London W1T6LQ Page 4
THE LAKE HOUSE CHARrrABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVrnES FOR THE YEAR ENDED 5 APRIL 2021 Unrestricted funds 2021 Total funds 2021 Tot funds 2020 Income from: Donations and leg&ies'. DOrtionS in the year Grft Aid 1Vable Investments 320 84.320 10.cx 14 Total Incoffle Expenditure on: Charitable &tivitses 10(320 104.320 1.014 87.341 87.341 107.346 Total expendituro 87,341 87.341 107,346 Net MoVemt In lunds Reconclllation of funds: Total fvnds brought forward Net movem&nt in funds 16.979 16.979 (57.332) 59,165 (5T.332) 16.979 16.979 Total fundi Garriod forward 18.812 18.812 1.833 The Statent of Financial Activit iludeS all garns aThJ reCcgnl in the year. The i)n pages 7 to 15 f(vm part of these finla1$tements.
THE LAKE HOUSE CHARITABLE FOUNDATION BALANCE SHEEr AS AT 5 APRIL 2021 2021 Current assots Debtors Cash at bank and in hand 10 20,127 10.126 4.312 14.438 Creditors: amounts falling duè within one 11 17,394) (7.605) Not current a59 1U12 6.833 Total assets less current liabllltles la12 Crèjiiws.. amounts falling due more than one year 12 (4(X) Net •SSots excludlng p8nslon asset 18.812 1.833 Total net a5xts 18,812 1.833 Charfty fund¥ Restricted fvnds Unrestrided funds 18.812 1,833 Total funds 18.812 1.833 The financial ¥tatements tre apprth*d arbj alrt)r for ISS by Trustees and signed on their behalf by.. Mrs H C Perry Chair (9/ILII I The note8 on pages 7 to 15 fwm part these financial statemerts. Page e
THE LAKE HOUSE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 5 APRIL 2021 General information Th8 Lake House charilab FOundalK is a grant-making charty register1 with the Charity CommisspJn in England and Wales. Accounting pollcle8 2.1 Basls of proparation of flnanclal #tstomg The ffinanc statements been prepored Wi Kdance ith the Charilies SORP {FRS 1021- Accounting and Reporbng by ChareS. Statement of Rece(nmendeil PractKe applicable to charities preparing their acUnts in &rdance wilh the FInCial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 {effeclNe 1 January 2015}, the Financial Reporting Standard applb in the UK aNI ReWbI of Ireland {FRS 102) and the ChanS Ad 2011. The financial stateftts have been preparèg to give a Irue and fairf and have departed from the Charrties (Accthjnts and Reports} RegulatIS 2008 only to the extent rwjuired lo provide a Irue arKI fairf view. This departure has in1¥ed fOlk)vn9 the Chwrttes SORP IFRS 102} published on 16 July 2014 rather than the Accounttng arKI RepL¥ting by Chanties: Statent of Rmend pctice efftive from 1 April 21))5 whh has since been withdrn. The financial statements arfr prepared in stwlry aThJ rwrwjed to the newest £. The Lake House Charitable Foundatwx) meets the definition of a Publ ber)8fft entty under FRS 102. 2.2 Fund accounllng General funds are unreslricknl funds 1¢h are avaikble for use at the discretion of the Trustees in fvrtherance of the generai (&tttNes of the Charty KI which have rKrt be designated for her 2.3 Golng nGn The Charity is lgnI upon donatiM IT@ the setllor to fijnd tts grant-making &bvibes. Grants are only awarded to the extent that the Charity h85 rxewed donati¢)ns SLrfficienl to fund the grants. TteeS consKler that there a no material uncertainlies atx)ut the Chartys abillty to continue as a wing concem and conwuenty believe that the financial statements are appropriately prepared such a basis. The Trustees do rh)t consider that there are any sour$ of estimation uncertainty at the rewrting date that have a signrficant risk of causing a material adjuStmt to th8 Caryying value of assets and liabilities within the next rewrbro Page 7
THE LAKE HOUSE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2021 Accounting policles (continued) 14 Incom• Atl income is reccgniBed once the Charity has entitlanent to the income. it is probab that th8 IrMe will be ra¥ed and the amourrt of incne Teceivable czn be measured relk?bly. Inccyne tax r&OVerab in rdation to dCKot1 rj urKler Gfft AMI or de&J$ of covenant is rec(gniwJ at the time ofthe donion. Investment income is induded lli the accounts when recwable. Donated semces are rwni8ed * the Y4ue of expertses of the Charity paKI on its beha by the Trusth5. 2.5 Interest yeble Interest on furKls held on depos irtILKl8d ralable arKJ the amount can be measu relk8bly by Charrty. thts is nomalty UFon th& inter8st paid or payable by the institution with whom the fvnds are deposited. 2ffj Expendiiuro Expendriure is reeognisl once there is a legal ef ¢onstnJctive eèligation to transfer economic benefft to a third paty. it is wcthble that a transfer of nOmiC beneffts will be required in settlement arKI the amrnt of the ctjligati.on can be measured reltabty. ExFenditure is cLgssffied by tivity. The $ts of exh xtmty are made up of the Ictsl of direct CQ5ts and shared costs, induding support $ts involved in urKlertaking each xtivity. Direct costs attributable to a single tmty are dir• to that ¥tréty Support costs are those cc6ts incutr&J dir in supwrt of expenditure on the objects of the Charrty and include overall managnent of the Charity. Govemance costs are those incurred in Inechon vh administration of the Charrty and C(¥nplkan with nStItUtlal and statutory requiremeni8. Grants payable are charged in the year when the offer i8 made ex(wl in those cases ere the offer is condthonal, such grants king rwnised as experKliture when the Conditions attaching are fvlfilled. Grants offered Sublt to conditNJns whth have not been met at the year end are noted as a ¢Milm. but n( as expenditure. l exwditure i8 IluS of Irr&Oable VAT. 17 Debtors Trade and other debtors are rwnised at the Settle amount after any trade discount offered. Prepay)nents are at ts anount pId of any tr discounts due. 2.8 Cash at bank and In nd Cash * bank and in hwd indu¢Jes rnsh short-term highty INUKI inhBstments wth a short maturty of three MCth$ or less from the date of wuisthn or opening of deposii or similar unt. Page 8
THE LAKE HOUSE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2021 AccounllNd pollcles IntInUed) 19 Liabil9$ and provl810 Liabilthe5 are rectsJnised when there is an (>I3th at the BalarKe date as a re5utt of a past event. it is probabte that a transfer of eo)nomK b8nefft will be B]uired in Settlent, and the amount of the settlet can be estimated rdi&Yy. Li&ilrbes are recognised at the amcmjnt that the Charity anticipates it wll pay to settle the debt or the amount it has reCd as payments for the or serMce5 it must provide. Provisions are measured at the best estimate ofthe amounts wuipj to settfe the obligation. Where the effect of the lime value of money is rnat. the provision rs based on the present value of those amounts, discounted at the pre-tax diso)unt rate that the rtsks 5pecffic to the liabilty. The urwmnding of dwHJnt is rwnL8eJJ in Statement of Financial Acbvibes as a finance cosl. 2.10 Taxatlon status The Charity is an exempt charity wtthin the meaniru of section 519 of the Income Tax Act 2007. Acwrdingty. it is potentialty exempt from taxation in respect of income or capital gains received within catwries covere(I by t)n 256 ofthe TaxalTh of Chargeable Gains Act 1962, to the exent that suth income or gwns are exclusi4* to Charitab purposes. Income from donalloM al legaci Unrostrthd funds 2021 funds 2021 funds 2020 Donations Don&ions in the yEar Grft AMI Tble Donations in kind 40.CfJO 1Q.C(1g 20.WJ 4.320 4,320 Total donatlons and legacle¥ 104,320 104,320 Tot&1 2020 Pagg 9
THE LAKE HOUSE CHARrrA8LE FOUNDATION NOTE8 TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 5 APRIL 2021 Invostmgnt incom• Total funds 2020 funds 2021 fund$ 2021 Bank interest 14 14 T(kn1 120 14 14 Analysls of expendlture ty activit1•• Grant fvnding of Supi Total funds 2020 funds 2021 2021 2021 Grant furKling 8.2 87,341 107,346 T¢)tal 2020 104,366 2.9 107.346 All exFendhure rolates to unrestricted frJrKls in bcrth the cuffart arvj pr*Jr year5. Page 10
THE LAKE HOUSE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2021 Analy81s of wjondlthre by athltles {contlnued) Analy81s of support costs Grant funding 2021 Total funds 2021 Total fvnds 2020 Independent ex8minatv)n Administration expenses Subscriptic$ Computer Costs Bank charges 2.448 Z370 342 208 170 4,225 170 4,225 8.286 8.286 2.980 Tota12020 2.980 2,980 Anats of grants Grants to In5titutlons 2021 Total funds 2021 Tof81 fvnds 2020 Grant funding 104,366 Tot812020 104.366 104,366 Page11
THE LAKE HOUSE CHARrrABLE FOUNDAnON NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 5 APRIL 2021 Analysls of grdnts pald 2021 2020 Abkw House Appeal Fund Acn for Stammering Chddren Adn on Elder Abuse Age Exchange The Amelie and Daniel Linsey Foudnatsn The Big Give Christmas chaIr¥Je Bamey & Echo Anti4ultying The Big Trust Carerfs Support West Sus8ex Carers Trust chaIngerS Chifdhoc*J E>p Carw Trust (CHECT) Children'5 Hope Foundation Clapham Bu Club Grant Debra Donations trA¥ards Hcrt Line Mea15 Drama Expressws Eln Macarthur CancerTrust GIUlding Hourglass Donation The Horse Rangers Ass(ti (HRA) The Hosp Biographws Hot Line MoaJ8 SefVi¢e In Touch Donation Insigh CCSS Grant Lennox Chikjren's Carw Fund MERU The Mix Music in Hospiitals and Care Off the ROrd Over the W811 Pimlim 0ra- Prinwy Robi Sense Donation The Sandorscm C Semce to Film FundFaisir¥J Dinner Spre&J a Smile Soundabout Strongbones Children's Charitable DonatIcS 26,686 24305 3.240 2.500 1.000 2,500 3.500 2.01)0 1,000 Pffje 12
THE LAKE HOUSE CHARITABLE FOUNDATION NOTES TO ThE FINANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2021 SuvilHn's H08$ Donati$ Table Tennis 4 Change TheLJJora Children's Charity Towards the wU9 Lo¥F Sch&ne Wimbledon Guikl Winston's Wk8h Young & Inspir&1 5,000 5.000 2,5CXI 4.860 Isoo 2,4tXI Totsl 79.056 104,366 During the bwr, no TnAtees ary remunera#)n or cthw beneffts (2. £NIL). During the year 5 April 2021, Trustee ewse5 ha4E been inrr (2020. £NIU. The Charity had no ern0>9$ in elher the current or prw)r 15. 10. Debtors 20 2020 Due within on• yo•r Other debtors- grft aid receNable Prepayments accrued inc(¥ne io,c 126 127 20,127 10, 126 11. Croditors: Amounts falllng duo wlthin year 2021 2020 Trade credrtors Other credrtors. grants paya)18 Accnjals and deferred irthme 2.394 1340 7.394 Page 13
THE LAKE HOUSE CHARITABLE FOUNDATK)N NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 5 APRIL 2021 12. Cr•ditors: Amounts falllng duo after more than one year 2020 Olher creditors. grnnts paYre 13. Anaty8is of net assets btheen funds Anatysls of n•t assets bOln funds. curventyear Unrestrlcted funds Total funds 2021 26.206 (7.3941 26,206 (7.394} Creditors due thin one year Totsl 18,812 18,812 Anatysls of nel a$58ts betYMen fvnds. prioryoar fijrpds 2020 Current assets Creditors due wilhin one year CTeditcKy due in more than year 14,438 (7.605) 14,438 (7.605) (&c(o) Total Page 14
THE LAKE HOUSE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 5 APRIL 2021 1& Summary of fund8 Summary of funds- currenl year Balance at 6 Balan at 5 Aprll 2020 Income Exp8ndltttre Aprll 2021 General funds 104,320 (87.341 18.812 Summary of funds- prior year 8alarKe at 6 Apn12019 Balance 81 lrtome E¥wKlthJfft 5 Apnl 2020 General funds 59.165 50.014 (107.346) 1.833 15. Related party transactlons During the perKd, the Chafty reCeId donations from trustees tot811ing £84.32012020". £40.01. Therè Oth8r than disckJJ above and 8lsehere in these finan¢kg1 statemerts. thgre *ere no related paty transa¢tiOn8 requiring disclosure for either the current or prior years. Page15