Charfty number. 1126293 THE LAKE HOUSE CHARITABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
THE LAKE HOiISE CHARITABLE FOUNDATION CONTENTS Page Roference and Admlnlstrative Detalls of the Charfty. its Trusto•s and Adv Trustees. Report Ind¢pendent Examinfjffs Report Statement of Flnan¢lal Acthiltles Balan Shfj¢t Notgs to the Flnancial Stat•mènts 7-14
THE LAKE HOUSE CHARtrABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHA. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022 Tru8tees Mts H C Perry. Chair Mf A Butler£assar, Treasurer (reSned 27 May 2021) Mr G F Maguire, Trustee {resigned 27 2021) Mrs S E Muword. Truslee Mr T A Perry, Trustee Mr M Platt. Trustee Mr8 S Platt, Trustee Mr A Candlish. Trustee {app(xnted 27 JU 21) Charity rgglster•d numb•f 1128293 Prlncipal office Gow Club Road St George's Hill lAIridge Surrey KT13 ONJ Ind•pondent 8xamlner and accountants artin Baley FCA G1xrnan Jones LLP Chartered Accountants 29130 Fitzroy Square London W1T 6LQ Bankern CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Page 1
THE LAKE HOUSE CHARrrA8LE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2tr22 The Trustees present thr annua rert together the financial statefflents of th8 Chanty for th8 ye8r 6 April 2021 to 5 April 2022. ObJectlvts and activities a. Pollcl•g and obj•ctlvo5 The objects ofthe Charity i} The Ca and 5UPWt of and the pn)visiM of financ1 SUPF¥Jt for. - disabled and sick chiklren and young pwle" - chiwren arKI yDung people sufferirKJ frn ernonal distress or frcn lad( of famity upbringing; and - chiklren and young people SLrffering Sc¢1 oredLUtKsnai disadvantages. ii) The reliefof and Care ofthe elW and the prOvlon ofxc(4nmLMlthn f the eldety. iii) Such ner charitable purposes a5 the Trlee8 determine. The Trustees conffimi that they have referred to the guthnce ntaIj in the Charity C<Hnmission's general gyidance on public benefrt when revieing the ChaW$ airrn and ckn1bveS and in pknning luture activities and setting the grant rnaking pdicy for the year). b. Grnnt4naking polkle8 The Trustees revtèH each application on an irKIMdLl basks. Assistance 15 taibred to the specfft need of the beneficiary. provided the Obj of Charity are si5tsJ. Achlevemonts and perf0mnCe a. Revitrw of xtmlles During the year, the distribut8d £119.559 {2021: £79,055) to 29 charitabk organisations12021.. 19), continuing to support PK4&ts that haNp 88SiSted prthtiousty as thell as donating fvnds to Charit not awarded grant8 previou8ty. Flnanclal rnvl a. Golng ¢oncem After making appropriate quir, the Trustees kn a msonable expectation that the Charity has adequale resources to continLR in [nal existe for the foresble future. For thi8 Wson, they continue to 0p1 the going concem basis in preparing the financial ststements. Further details r&¥rding the adoption of the going concem basjs can be fnd in the acwJntirKJ polKie¥. b. Reserves policy Generalty. it is the Trustees. to exFend the Charitrfs inc8. Htmver. it may be nKessary to buikl up irwe reseMs. since the demand for assi5tsnce frc#n the Charity r8 on a irregular bosis. At the end of the financial yeaf. the charity had unrestrhèJ fvnds of £160.944 (2021.. £18,812). We believe th* the Charity has sulfnt assets to rned its oblaS P4e2
THE LAKE HOUSE CHARrrA8LE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2022 c. Materfal Investments polky The charitable setuemeni gi the Tte8S wbje ptrhers to inNe5t as they see fiL The Trustees maintain th8 pol¢cy to invest for the best return on assets WillL unpIable values of risk. Structurn. govemanc• and management The principal object of the Charity is to make distributbjns mainly to small charities, are of pwsonal or local interest to the trustees. The Charity is g¢)vemed by the Chaiitab settlwnent made on 21 April 2008 by Mrs H C Pefry. b. Methods of appolntment or electlon of Trust08S The number of Iruslees must not be le5S than three, nor more than seven. The setdor may nominate a new trustee during her lrfetime. Subject to that. trustees are appointtrd by the resoluth)n of the adirg trustees. c. Rl8k management The maior risks to which the Charity is exFoI are Cr$KIeed and, vthere necessary. steps are taken to mgate and minirnisa those T$. ApproNd by order of the Members ofthe bc•d of Trustees sigr)ed on their beha ty. Helon Pery Chair Date.. Igl ]11 Page 3
THE LAKE HOUSE CHARrrABLE FOUNDATION INDEPENDE1 EXAMINER% REPORT FOR THE YEAR ENDED 5 APRIL 2022 Independent Examinerfs Report to the Trustees of The Lake House Charltable Foundation I'the Charity'l I report to the charity Trustees on my examinavjn clthe ac¢Lwnts 0ftr Charity forthe er11 5 April 2022. Responsibilltles and Basls of Report As the Trustees of the Charity are mronsble for the preparation of th8 accounts in accdanCe with the requirements cl the Charibes Act 2011 {Ihe 2011 ACV). I report in respect of my examination of the Charrils acctyjnts carwd out urKl8r sectKJn 145 of the 2011 Act and in CaY1r t my examinalKJn I have folbhed the appIable Directions gtven by the Charity Commission under sectbjn 14515}Ibl of the 2011 Act. Independent Examin$ Statement Since the Charitys gross irK(Kne exod £250.OfKI your exaniner musl be a membgr of a bctyay ItSted in 8tIOn 145 of the 2011 Act. I confimi that l am qudifi&J to urKlertake the examination bause l am a member of the Institute of Chartergd Accountsnts in Eft0nd and Wale5 IICAEW). which is one of the Ik8ted bodies. Your attention is to the fact that Charity has prepar&g the acix¢unts in accordance with AUntIng and Rer¥)rttng by Chorities: Statement of ReCnMended Prtice applKzble to chaiitses preparing their accounts in accordance wrth the Finala1 RewrtitYJ Standar(l applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting by Chariti"es: Statement of Recc¥nmended Practice issued on 1 April 2005 rs referred to in the extant regulati8 but has bn Wthdr. l understand that Ihis ha5 been thne in order the wjurrts to provNJe a true and fair view in accordanca with the Generally Accgpl&l Acnting Pr" eff11 for periods Lwinning ¢)n or after 1 January 2015. I have complet1 my examination. I ¢mi that matters have c(xne to my attention in )nntIOn %Mth the examination ging me cause to belwe that in any material resm.. accounting rS not kept in resp&t ofthe Chanty as required by seLtion 130 of the 2011 Act., or the arcounts do rK>t xd with those Irds. or the accounts do Th)t cnplY TrIti the appl requiTefftht8 corKeming the form and content of counts set oui in the Charitses (Accounts and Reports) RegU"on$ 2008 Lher than any requirement that the accoLsnts give a a1 is not a mattar consJeTed as part of an indepèndent examinatK)n. I have concems and have cc¥ne across no ottrr matters in cOnnt)n with the examination to which attention should be drawn in this report in order to enable a prcyr undgrstanding of the accounts to be reaGhed. This report made solety to the Charivs Trustees. as a bcty, in accordance with Part 4 of the Charibes (AeInts and Reports) Regulations 2008. My work has been undertaken so that I might sLite to the Chartys TNstees those matters l am required to sLite to them in an Independent Examinefs Report and for no other purpose. To the fuljest extent pertled by lav, I do rnt • or assume responsibilty to anyone other than the Charity and the Charitls Trustees as a bLty, my Kirk rx for this report. Signed.. Da. 01.12.22 Martin Balley FCA Gcodman Jones LLP 29130 FitzTOy Square London W1T 6LQ
THE LAKE HOUSE CHARITABLE FOUNDATION STATEMEKf OF FINANCIAL ACTIVtnES FOR THE YEAR ENDED 6 APRIL 21)22 Unrestricted fund5 2022 Total funds 2022 Tot&f funds 2021 Incomg frnm: Donations and legactes 265.871 265.871 104.320 Total Incom• 265,871 265,871 104,320 Expenditurn on: Charitable actiwtie5 123.689 123,689 87.341 Total oxpenditure 123,689 123.689 87,341 Not movem•nt in funds 142.182 142,182 16,979 Reconclliation of funds: Total funds broLkghl forward Net movement in funds 18.812 141182 18,812 142.182 1,833 16.979 Total funds carrled forw¥d 160,994 160.994 18.812 The Statement of Financi81 Acti¥ibes irKlude5 all gains bsses recogni5e(l in the year. The notes on pages 7 to 14 fomi pwt of these financk?I statem.
THE LAKE HOUSE CHARITABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2022 2021 Curront assets Deblors Cash * bank and in harvj 10 20. 127 &079 133,508 163,388 26.206 Creditors.. amounts falling due within on8 11 (1394) (7,394) Net curront assets 160.994 18,812 Total ag9•ts loss currant liabllltkg 160.994 1&812 N61 assèts oxcluding p8n$ion asset 160,994 14812 Total not assets 160.994 18,812 Charity funds Re8trKted funds UnrestricteA fund5 160.994 18.812 Total funds 160,994 18.a12 financial statemerts vwe approwl and thri*J fty iu? by and Signed on their behaff by.. Mr5 H C Perry Chair Is/ /17 The note8 on pages 7 to 14 ftxm wt (lthese financHI slatements.
THE LAKE HOUSE CHARITABLE FOUNDATION NOTES TO THE FINANCtAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 General Inforniatlon The Lake House Charitable F¢IK18th is a grant-makiThJ tharity register1 th the Charity knmi5sion in EngLgnd and Wdes. Accountlng polkios 11 Basls of preparation of fin•nclal statements The finan¢ral statements h&E teen prepartsl in &cordance ¥th the Charibes SORP {FRS 102) - Aeeounting and Repoiting by Charities.. Ststement of R9c(xnMend Pfactti applicable to charities preparing their acctyjnts in accordance with the FinancBI Reporting Standard applicablo in Ihe UK and Republic of Ireland IFRS 1> leffectNe 1 January 20151, the Financial Reporting Standard applKable in the UK and Reb5 of Ireland (FRS 102} and the Charities Act 2011. The financial statements have been prepared to grve a Irue and fairf and have departed from the Charities {AcCnts and Rewrtsl Regulati¢ 2C()8 onty lo the extent required to provide a 'lrue and fail view. This departure ha5 involved folkywing the Charrbes SORP IFRS 102) published on 16 Juty 2014 rather than the Acctsunting and Repth"ng by Charities: Statement of Reccynmended Practice effective frc¥n 1 April 2¢X15 whth has Since been withdrawn. The financi statwnents are pryed in sterfing and rcnded to th8 £ Tho Lake House Charilable Fndati meets the definitv)n of a publ benefit entty under FRS 102. 22 Fund accountlng General funds a unrestrided funds whth are avaikble for use at the discretion of the Trustees in furtherance of the genw obJ'e(kn of the Clity and have ncrt been designated for other pu)ses. 2.3 Golng con¢em The Charrty is rlant upon ¢)nation i1ne the setuor to ftjnd its grant4naking activities. Grants arfy onty awarded to the extent that Charity has rxeived donations sufficient to fund the grants. The Twstees consider that there are no material uncertainties about the Chartys ability to continue as a going corthn and conwuenty bolieve that the financial statements are appropriately prepared C SLKh a basis. 2A InMme l incCe 18 reccgnised once the Charity has entttl8m&tt to the irwme, it is probable that the income 11 t¢ reCd arKI tr¢ arn(nt of in¢Thne re1¥Ile Can b8 measured reliabty. Incc¥ne tax r0Verable in relatb)n to d(MatIor receivwj under Grfl deeds of covenant is reccgnised at the time ofthe dcKotion. Donat&l services are recc¥Jnised 8t the valu8 of exFenses of the Charity paid on its behalF by the Trustees.
THE LAKE HOUSE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accounting pollci•s (contlnu•dl 2.5 Expendlturo Expendrture is rwnis&J onee there is a legal constructwe obligation lo transfer en0M benefrt to a third paty. it is wobable that a trSfer of nOMiC benefrts will be required in settlement and the amounl of the oblKJation can be measured reliabty. Expenditure is clasSrf by activty. The costs of exh &tMty are m up of the tcéal of direct costs and shared costs, including suprKJrt $ts involved in undertaking each acttvrty. Direct costs attributable lo a single tmty are alkabJ dir8Ctlyto that Support costs are those costs incurred directy in support of expendrture on the objects of the Chatrty and include overall management of the Charty. Govemance costs are th08e incurred in connecbon with administration of the Charty and compliance th con$tr(utional and 8ts1ulory requiremertts. Grants payable are chard in the year when the offer is made except in those Gases Whe the offer is conditi.onal. such grants bwThJ reccgn1 as experKliture when th8 conditions attaching are fulfilled. Grants offered Subj to corKIrt$ whh have not been met at the year end are noted as a All expgnditure is IluSI of irrra)le VAT. 2.6 D•btors Trade and other debt0 are rwnised at the settl8 anount after any trade dI8unt offered. Prepayments are valu8Y * the amount pwid rf ofany trade discounts due. 17 Cash at bank and in h•nd Cash at bank and in hand include5 c88h short4erm highty Iiquhl inNpstments wrth a Short maturity of mtrrths or jess from the date of wuisith)n or opening of the deposit or similar 18 Uabilitiw and provlglons Ltabilitses are recogni th there is an Obl¥atiC at the BalanGe Sheet date as a resur( of a past event. it is probabla that a transfer of Kork)mic benefft wll be requifwj in setuement. and the LiabIleS are tecogni¥ed at the affunt that the Charity 8ntKipate8 it will pay to setlle the debt or the amftt it has recei as aohrancèj payments knthe g(KxI8 or seMce8 it must provhje. ProVBnS are measured al the best estim9 of the amounts requir&Y lo settle the oblvJation. Where the effect of the time value of morley is material. thg provision is tsa$ on the present value of those amounts. dCounted at the pre-tax dnt rate that reflects the risks Sffic to the liabilty. The urwfflding of the discount is rec(8ni8ed in the Statement of Finartial Activitses as a finance cosL 2.9 Taxallon status The Charity is an exempt charity within the mtsning crf tion 519 of the Income Tax kt 2007. According, it is potentialty exempt frc¥n taxation in respect of inc4Jme or capital gains r1ved within cab3ories covered by se¢tk)n 256 of the Taxation of Chargeable Gains Act 1. to the exent that such income or gans are appld exclusi4ety to tharitable purpc6es. Page 8
THE LAKE HOUSE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Crltlcal accountlng estlmates and areas of Judgement Estimates and judgements are ntinualty evaluated and are based on historic eXperce and other factors, includirs expectatis fLrture erfents that are bdivrfed to b8 reasonable under the Circumstances. Th& Charity makes eslimates and assuMFAky O)nceming ttte future. The resulting aettunting 8stim8tes and assumptions will, by deffinit. Seld U81 the related actual resutts. The Trustees have not idenlthed any estimates or assumptions that are sIdered to have a signfftant risk of causing a material adjusbmenl lo the carying am¢JJnts of assets and liabiltties Iwthin the next financFal year. Income from donatlons and legaci8S Tot funds 2021 funds 2022 funds 2022 Donatlons Donations in the year Gfft Aid receNabte Donations in knnd 255,013 9.750 1,108 255.013 9.750 20,aC 4.320 Totsl donations and legacifjs 265.871 265.871 104.320 Totsl W21 104.320 104,320 Analysls of oxpendlture by actlvltles Grant fundlng of Support Total funds 2022 Total funds 2022 2022 Grant funding 119.559 4.130 123.689 87.341 Totsl 2(r21 T9.055 4286 87.341 All exFitUre relates to Mre5trKted funds in b(th tr current and ypars. Page 9
THE LAKE HOUSE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Analysls of expendllure by activit1 (c¢>ntinued) Analysls ol support costs Grant fundlng 2022 Total funds 2022 Total funds Independent eXaMinan Administration exper Subscriptions Computer CLBts Bank charges 2.448 1.344 170 4,225 99 1.467 173 IN67 173 Totsl 2022 4.130 4,130 8,286 Tot812021 8.286 4286 Anatysls of grnnts Grants to Instltutions 2022 Total funds 2022 funds 2021 Grant funding 119,559 119,669 79,055 Total 2021 79.055 Page 10
THE LAKE HOUSE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Analysb of gr4nts pald 2022 2021 Adn for SknmeriNJ Chiklren B8mey & Echo AntI-Bul.ng The Big Give TnJst Carefs Support West Sussex The Change FourKlation Clapham Ccffimon Boys Club CP Potential CraCk]k Chijdrens Trust Dame Vera Ln Chiklren's Charty Designabilty Eln Macarthur Cancer Trust Epsom Colkge Devekipment Fund The Excdus Prcyect Futurg Front8 Get Set Girls Happy Days Hourgtass In Touch In8ight CCSS Kids N Action Kings Coliege Londc MACS Music and Theatre ForAI Over The W811 Pimlico Opera The Police Crnunty Pr(4e 24.305 3.9 13.493 1.400 2.5CXI 1.000 s,0 1.01)0 5,000 1034 3,000 2.000 2.500 The Sandetson Centre Soundabout Spread A Smle Strongbones Children's Charitth Trust Sullivans Hero Table Tenni$ 4 Charoe Talgnt Ed-Education UnNersty of Westrninster Welcome To Our Fulure The Wessex Heritsge Trust Wimbledon Guih 3.000 2.5GQ Page 11
THE LAKE HOUSE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 w[24bL Loan Scheme Young & Irwired Hotline M&818 4.8&J 119,559 79.055 During the yw, Tntst*s re¢d any remuneration or crther beneffts (2021. £NIL). During the Far end&1 S Aprtl 21Y22, no Tftkn expenses haME bgen incurred (2021- £NIU. The Charity had no 1)yeeS in eitherthe currert prior years. 10. Debtorn 2022 2021 Due wlthln one year Other dgbtors- grft aid rable PrepayTnents arKI accrued income 29,750 130 127 20.127 11. Credltots: Amounts falling due withln one year 2021 Other credrtors. gr8nts payable Accruals aftd deferr&l in¢(e 2.394 2.394 7.394 P¥12
THE LAKE HOUSE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 5 APRIL 2022 12. Analysis of not a884ts bfjtkwen fvndb Analysis of nét assets betW•8n funds . curront year Total funds 2022 funds 2022 Current assets Creditors due within w ytsr 163.388 (2.3941 163.388 12.3941 Totsl 160,994 160.994 Anatysls of net assats betweon funds. prior year Total fvnds 2021 funds 2021 Current assets Creditors due within one year 26,206 (7.394) (7,394) Totsl 18.812 18.812 Page13
THE LAKE HOUSE CHARITABLE FOUNDATK)N NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 13. Summary of funds Summary of funds. curront year Balance at 6 April 2021 Balance at 6 April 2022 IoMe Expendltur• Generaj fvnds 18J12 265.871 (123,6891 160.994 Summary of fvnds- prlory••r Balan al 6Apnl 2ff20 lThxwn8 Expenditurn 5Apnl 2021 General funds 104.320 (87,341) t8.812 14. Rfjlal paty transactk>n¥ During the peric#J, the Charty rej donatan$ frc¥n trustees totling £2%.121 {2021.. £84,320). There were no restricnS to these donati¢s. Other than discbsed above and dsthvhere in these financiaj SIaterrts. there were related party transactions requiring disc105ure for either the current or prior years. Paje 14