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 (reS￿ned 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￿ 2￿1) Charity rgglster•d numb•f 1128293 Prlncipal office Gow Club Road St George's Hill lAI￿ridge Surrey KT13 ONJ Ind•pondent 8xamlner and accountants artin Baley FCA G1x￿rnan 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 th*r annua re￿￿rt 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 financ￿1 SUPF¥Jt for. - disabled and sick chiklren and young pwle" - chiwren arKI yDung people sufferirKJ fr￿n ern￿onal distress or frc*n lad( of famity upbringing; and - chiklren and young people SLrffering Sc¢￿1 oredLUtKsnai disadvantages. ii) The reliefof and Care ofthe elW and the prOv￿lon ofxc(4nmLMlthn f￿ the eldety. iii) Such ￿ner￿ charitable purposes a5 the Tr￿lee8 determine. The Trustees conffimi that they have referred to the guthnce ￿ntaI￿j in the Charity Ct ￿xd with those I￿rds. or the accounts do Th)t c￿nplY ￿TrIti the appl￿￿￿ requiTefftht8 corKeming the form and content of counts set oui in the Charitses (Accounts and Reports) RegU￿"on$ 2008 L*her than any requirement that the accoLsnts give a a￿1 is not a mattar cons*JeTed as part of an indepèndent examinatK)n. I have ￿ concems and have cc¥ne across no ottr*r matters in cOnn￿t￿)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 bc*ty, in accordance with Part 4 of the Charibes (Ae￿Ints 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 pe￿rtled 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 i￿u? 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 register￿1 ￿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 Re￿b5￿ 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 {AcC￿nts 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 rc￿nded to th8 £ Tho Lake House Charilable F￿ndati￿ 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 C￿lity and have ncrt been designated for other pu￿)ses. 2.3 Golng con¢em The Charrty is r￿lant upon ¢*)nation i1￿￿ne 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 incC￿e 18 reccgnised once the Charity has entttl8m&tt to the irwme, it is probable that the income ￿11 t¢ reC￿d arKI tr¢ arn(￿nt of in¢Thne r￿e1¥￿Ile Can b8 measured reliabty. Incc¥ne tax r￿0Verable 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 e￿n0M benefrt to a third paty. it is wobable that a tr￿Sfer 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 alk*abJ 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$tr(utional and 8ts1ulory requiremertts. Grants payable are char￿d in the year when the offer is made except in those Gases Whe￿ the offer is conditi.onal. such grants bwThJ reccgn1￿ as experKliture when th8 conditions attaching are fulfilled. Grants offered Subj￿ to corKIrt￿$ wh￿h have not been met at the year end are noted as a All expgnditure is I￿luSI￿￿ of irr￿￿ra)le VAT. 2.6 D•btors Trade and other debt0￿ are rwnised at the settl￿￿8￿ anount after any trade dI8￿unt 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 LiabIl￿eS are tecogni¥ed at the aff￿unt that the Charity 8ntKipate8 it will pay to setlle the debt or the am￿ftt it has recei￿￿ as aohrancèj payments knthe g(KxI8 or seMce8 it must provhje. ProVB￿nS are measured al the best estim*9 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. d￿Counted at the pre-tax d￿nt rate that reflects the risks S￿ffic 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 r￿1ved 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 appl*d 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* eXper￿ce and other factors, includirs expectati￿s ￿ fLrture erfents that are bdivrfed to b8 reasonable under the Circumstances. Th& Charity makes eslimates and assuMFAky￿ O)nceming ttte future. The resulting aett*unting 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 exF￿￿itUre 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 eXaMina￿n 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 Ad￿n 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 L￿n Chiklren's Charty Designabilty El￿n Macarthur Cancer Trust Epsom Colkge Devekipment Fund The Excdus Prcyect Futurg Front￿8 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 C￿rnunty 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 r￿￿able 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 I￿oMe 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 r￿e￿j donat￿an$ frc¥n trustees tot￿ling £2%.121 {2021.. £84,320). There were no restric￿nS to these donati¢￿s. Other than discbsed above and dsthvhere in these financiaj SIat￿errts. there were related party transactions requiring disc105ure for either the current or prior years. Paje 14