Charity number: 1126293
THE LAKE HOUSE CHARITABLE FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE LAKE HOUSE CHARITABLE FOUNDATION
CONTENTS
Page
Reference and Admlnlstrdtive Details of the Chaiity. its Trustees and Advisers
Trustees, Report
Independent Examinerfs Report
Statement of Financlal Activities
Balance Sheet
Notes to the Financial Statsments
7-14

THE LAKE HOUSE CHARITABLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
Mrs H C Perry, Chair
Mr A Candlish. Trustee
Mrs S E Mufford, Trustee (resigned 21 April 2023)
Mr T A Pery, Trustee
Mr M Platt, Twstee
Miss S Platt, Trust88
Charity reglstered number
1126293
Principal office
PO Box 651
Weybridge
Surrey
Kf13 3EP
Independent examiner and accountants
Martin Bailey FCA
Goodman Jones LLP
Chartered Accountants
29130 Fitzroy Square
London
W1T6LQ
Banke
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ
Page 1

THE LAKE HOUSE CHARITABLE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statem8nts of the Charity for the year 6 April
2023 to 5 April 2024.
Objectives and actlvltles
a. Policies and objectives
The objects of the Charity are:
i) The care and support of and the provision of financial support for.
disabled and sick children and young people;
- children and young people suffering from emotional distress or from lack of stable family upbringing; and
- children and young people suffering from social or educational disadvantages.
ii) The relief of povety and care of the elderly and the provision of accornrnodatK)n for the elderly.
iii) Such general charitable purposes as the Trustees detemiine.
The Trustees confirm that they have referred to th8 guidan￿ contained in the Charity Commission's general
guidance on public benefrt when reviev￿ng the Charitrfs aims and objectrves and in planning future activities and
setting the grant making policy for the year).
b. Grdnt-maklng policies
The Trustees review each application on an individual basis. Assistance is tailored to the specific need of the
beneficiary, provided the objects of the Charity are 8atisfRd.
Achievements and perfomiance
a. Review of activities
During the year, we distributed £84.951 {2023: £123,937) to 11 charitable organisations (2023: 20), continuing to
support projects that we have assisted previously as well as donating funds to charities not awarded grants
previousiy.
Financial review
a. Going concern
After making appropriate enquiries and a$suran￿S from the Settlor, the Trustees have a reasonable expectation
that the Charity has adequate resources to continue in operational existence for the foreseeable futur8. For this
reason, they continue to adopt the going concem basis in preparing the fw)ancial statements. Further details
regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
Generally, it is the Trustees. polw to expend the Charitys income. HcNvever Sin￿ the demartd for assistance
from the Charity occur5 on a irregular basis. the fund balance flucates.
At the end of the financial year, the charity had a suplus of £4.120 (2023: £33,594) within unrestrtcted funds. We
believe that the Charity has sufficient assets to meet its obligations.
Page 2

THE LAKE HOUSE CHARITABLE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
c. Material Investments policy
The charitable settlement gives the Twstees wide pthvers to invest as they see frt. The Trustees maintain the
policy to invest f￿ the best retum on the assets WTthout unacceptable values of risk.
Structure, governance and management
a. Constitution
The principal object of the Charity is to make distributions mainty to small charities, who are of personal or local
interest to the trustees. The Charity is govemed by the charttable settlemént made on 21 April 2008 by Mrs H C
Perry.
b. Methods of appointment or electlon of Trustees
The number of trustees must not be ￿sS than three, nor more than seven. The settlor may nominate a new
trustee during her lrfetime. Subject to that. trustees are appointed by the resdution of the acting trustees.
c. Risk management
The major risks to which the Charity is exposed are consider&1 and, where necessary. steps are tsken to
mitigate and minimise those risks.
Approved by order of the member5 of the board of Trustees and signed on their behalf by:
Helen Perry
Chair
Date.. 16 /io/2 Y
Page 3

THE LAKE HOUSE CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Indep8ndent Examinerfs Report to the Trustees of The Lake House Charltable Foundation {'the
Chaiity,)
I report to the charty Tnjstees on my examinaticffi of the accounts of the Charity for the year ended 5 April 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 (Yhe 2011 Acr).
I report respect of my examination of the Charws accounts carried out under section 145 of the 2011 Act and
in carying out my examination I have followed the applicable Directions given by the Charty Commission under
section 145(5)(b) of the 2011 Act.
Independent Examinerfs Statement
Your attention is drawn to the fact that the Chartty has prepared the a¢￿Unts in accordance with Accounting and
Reporting by Charities: Ststement of Recommended practi￿ applicable to Charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in
preference to the Accounting and Reporting by Charities: Statement of R8commended Practie£ issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effecttve for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
the accounts do not accord with those records: or
the accounts do not comply WFth the applicab￿ requirements concerning the form and content of
accounts set out in the Charities (Ac¢ounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fai¢ Vie*Y which is not a matter considered as part of an independent
examination.
I have no COn￿mS and have come across no othw matters in connectton wtth the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charitvs Trustees. as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitls
Trustees those matters l am required to stste to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibilty to anyone other than the
Charity and the ChariVs Trustees as a b(xJy, for my work or for this report.
Signed:
16-10-24
Martin Bailey FCA
Goodman Jones LLP
29130 Fitzroy Square
London
W1T6LQ
Page 4

THE LAKE HOUSE CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestrlctad
funds
2024
Total
funds
2024
Total
fvnds
2023
Nots
Income from:
Donations and legacies
Investments
59,518
59.518
114
109
Total income
69,558
59,558
223
Expenditure on:
Charitable activities
89.032
89,032
127, 623
Totsl expenditure
89,032
89.032
127.623
Net movement In funds
{29,474)
(29.474)
(127,4(Xl)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
33,594
129.474)
33.594
{29.474}
160,994
(127.400)
Total funds carried forward
4.120
4.120
33,594
The Statement of Financial Activities indudes all gains and losses recognised in the year.
The notes on pages 7 to 14 form part of these financial statements.
Page 5

THE LAKE HOUSE CHARITABLE FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Nots
Current assets
Debtors
Cash at bank and in hand
11
12,046
5,075
140
36, 088
17,120
36,228
Creditors: amounts falling due within one
year
12
(13,000)
(Z 634)
Net current assets
4.120
33.594
Total net assets
4,120
33,594
Charity funds
Restricted funds
Unrestricted funds
4.120
33,594
Total funds
4,120
33,594
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Chair
Date: 16 110 / iy
The notes on pages 7 to 14 form part of these financHI statements.
Page 6

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
General Infomiation
The Lake House Charitable Foundation is a grant4naking charity registered with the Charity Commission
in England and Wales.
Accounting policie5
2.1 Basis of preparation of financial statements
The financial statements have been prepared in attordance with the Charities SORP (FRS 102) -
Accounting and Reporting by Charrties: Statement (rf 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf vie¥V. This departure has involved following the Charittes SORP (FRS 102) published on 16
Juty 2014 rather than the Accounting and Reporting by Charrties.. Statement of Recommended
Practi￿ effective frorn 1 April 2005 which has Sin￿ been withdr8A￿.
The financial statements are prepared in sterling and round8d to the nearest £.
The Lake House Charitable Foundation meets the definitK)n of a public benefrt entty under FRS 102.
2.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
2.3 Golng concern
The Charity is reliant upon donation income from the settlor to fund its grant-making activities. Grants
are only awarded to the extent that the Chanty has r￿[Ved donations sufficient to fund the grants.
The Trustees consider that there are no material Un￿rtaIntieS about the Charit￿$ ability to continue
as a going concem and consequently believe that the financial statements are appropriately prepared
on such a basis.
2.4 Income
All income is recognised once the Charity has entttiement to the incom6. it is probable that the
income will be received and the amount of inccme re￿1vable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Investment income is included in the accounts when receivable.
Donated services are recognised at the value of expenses of the Charty paid on its behalf by the
Trustees.
Page 7

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting pollcies (contlnued)
2.5 Interest receivable
Interest on funds held on deF)OSit is included when receNable and the amount can be measured
reliably by the Charity, this is nomialty upon notificatK)n of the interest paid or payable by the
inst((ution with whom the funds are deposited.
2.6 Expenditure
Expenditure is recognised On￿ there is a legal or c￿StructIve obligation to transfer economic benefrt
to a third paty, it is probable that a transfer of economic beneffts ￿ll[l be required in settlement and
the amount of the obligation can be measured reliably. Expendtture is classified by activty. The costs
of each activty are made up of the total of direct costs and shared costs. including support costs
involved in undertaking each actiwty. Direct costs attributable to a single aCtI￿ty are albcated directly
to that activty
Support costs are those costs incurred diredy in support of expenditure on the objects of the Charity
and include overall management of the Charty. G0Veman￿ costs are those incurred in connection
with administration of the Charity and compliance with constttutional and statutory requirernents.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure vAien the conditions attaching are
futfilled. Grants offered subject to conditions which have not been met at the year end are noted as
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverabEe VAT.
2.7 Debtors
Trade and other debtors are r￿ognISed at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short4enn highty liquid investments with a short maturty
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provlsions
Liabilittes are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefrt will be required in settlement. and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Chartty anticipates it will pay to settle the debt or the
amount it has received as advanced pa￿nentS for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts requirèl to settle the obligation. Where
the effect of the time value of money is materral, the provisK)n is based on the present value of those
amounts, discounted at the pre-tax discount rate that refiects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 8

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Accounting policies (continued)
2.10 Taxation status
The Charty is an exempt charity within the meaning of section 519 of the Income Tax Act 2007.
Accordingly, it is potentially exempt from taxation in respect of income or capital gains received within
categories covered by section 256 of the Taxation of Chargeable Gains Act 1962, to the exent that
such income or gains are applied eXcluSp￿lY to charitable purposes.
Critical accountlng estlmates and ar&75 of judgement
Estimates and judgements are continualty evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances. The Charity makes estimates and assumptions conceming the future. The resulting
accounting estimates and assumptions wtll, by definition, seldom equal the related actual results. The
Trustees have not identified any estimates or assumptions that are considered to have a signif￿ant risk of
causing a material adjustment to the carrying amounts of assets and Ik3bilities wtthin the next financial
year.
Income from donations and legacies
Unrestrfcted
funds
2024
Total
funds
2024
Total
fvnds
2023
Donations
Donations
Gift Aid
47,618
11.9
47.618
11,900
114
Subtotal
11,9CL)
11,900
Total donations and legacies
59,518
59,518
114
Investment Income
Unrestrfcted
funds
2024
ToLI1
funds
2024
Total
funds
2023
Bank interest
109
109
Page 9

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Anatysis of expenditure by activities
Grant
fundlng of
actlvlties
2024
Support
Total
funds
2024
Total
funds
2023
2024
Grant funding
84,951
4,081
89.032
127,623
Total 2023
123.937
3.686
127, 623
All expenditure relates to unrestricted funds in both the current and prior years.
Analysis of support costs
Grdnt
fundlng
2024
Total
funds
2024
Total
funds
2023
Independent examination
Administration expenses
Subscriptions
Bank Gharges
3.186
3,186
2, 820
624
185
185
172
TO
Total 2024
4,081
4,081
3, 686
Total 2023
3, 686
3, 686
Analysis of grants
Grdnts to
Institutions
2024
Total
funds
2024
Total
fvnds
2023
Grant funding
84,951
84,951
123, 937
Total 2023
123.937
123.937
Pag8 10

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of grants paid
2024
2023
Challengers
The Big Give Trust
Cltfton Childrens Society
ChildhocMJ Eye Cancer Trust
Cherry Trees
Emperor Foundation
Epsom College Development Fund
Ipswich Community Playbus
In Touch
Lily Mae Foundation
Lending Hope
Kids N Action
Over The Wall
Regenerate
React
The Sanderson Centre
Sense
SASBAH
The Ellen MaG4rthur Foundation
Theodora Children's Charity
LinkAble
Rockinghorse Childrens Charty
One Eighty
GASP
Refreshing Minds
Grow Cook Eat
Young & Inspired
10,000
35,306
3,000
47N51
3.000
29. 131
2,5
2.000
1.51JO
2,000
3,500
10.000
1,500
2,500
1.000
Total
84,951
123,937
Trustees, remuneratlon and expenses
During the year, no Trustees received any remuneratton or other benefits (2023- £NIL).
During the year ended 5 April 2024, no Trustee expenses have been incurred (2023- £NIL).
Page 11

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
10. Staff costs
The Charty had no employees in either the current or prior years.
11.
Debtors
2024
2023
Due within one year
Other debtors - gift aid receivable
Prepayments and accrued income
11,900
145
140
12.045
140
12. Creditors: Amounts falling due within one year
2024
2023
Other credttors - grants payable
Accruals and deferred income
10,000
3,000
2. 634
13,000
2.634
Page 12

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
13. Analysis of net assets between funds
Analysis of net assets between funds - current perfod
Unrestricted
funds
2024
Total
funds
2024
Current assets
Creditors due wtthin one year
17,120
(13,000)
17.120
(13,0(10)
Total
4,120
4.120
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Current assets
Creditors due wtthin one year
36.228
(2.634)
36.228
(2,634)
Total
33, 594
33,594
Page 13

THE LAKE HOUSE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
14. Summary offunds
Summary of funds - current year
Balance at 6
April 2023
Balance at 5
April 2024
Income Expenditure
General funds
33,694
59,558
{89.032)
4,120
Summary offunds- prioryear
Balance al
6 Apnl 2022
Balance 81
Income Expgnditure 5 Apnl 2023
General funds
160,994
223
(127,623)
33.594
15. Related party trdnsactions
During the period, the Charity received donations frryn trustees totslling £47,600 (2023: £nil). There were
no restrictions attached to these donations.
Other than disclosed above and elsewhere in these financial statements. there were no related party
transactions requiring disclosure for either the current or prior years.
Page 14