Registered number: 08417421
Charity number: 1151340
THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-14

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr Richard Charles Higham
Gabrielle Eleanor Higham (appointed 26 May 2024)
Isabelle Julia Higham (appointed 26 May 2024)
Company registered
number
08417421
Charity registered
number
1151340
Registered office
The Old Rectory
Brisley
Dereham
Norfolk
NR20 5LJ
Independent examiners Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
Page 1

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the The Higham Family Trust
for the 1 April 2023 to 31 March 2024. The Annual report Se￿eS the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confirm that the Annual report and financial statements of
the charitable company comply with the current statutory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice {SORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The charity is a general purpose charity where the income and capital shall be paid to or applied for the benefit
of such charities or such charitable purposes as the Trustees deem fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity (PB2)'.
b. Activities undertaken to achieve objectives
The charity will, through the provision of funds, support the work of a diverse range of charitable organisations.
The trust will not be directly involved in the delivery of charitable services. The funds will be provided from
income generated through endowment fund investments.
Achievements and performance
a. Review of activities
The Higham Family Trust operations have been reduced in the current year following death of Jacqueline
Higham. one of the trustees, in January 2023. During the year the Trust has supported a number of individuals
who took part in various races and other charitable events, total grants amounted to £2,050 {2023: £39,500
grants to charities). These awards have been funded from the interest income earned on the investment in
endowment funds. The 2 new trustees were appointed in May 2024, this will enable the Trust to resume its
nomial operations in 2024.
b. Investment policy and performance
The endowment fund is currently invested in a deposit account with HSBC bank. as well as investments with
Barratt & Cooke, and COIF Charity Investments Fund. These investments have earned a total income of
£59,412 (2023 - £51,473) in the year.
Page 2

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason. they continue to
adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of
the going concern basis can be found in the accounting policies.
b. Reserves policy
The reseNes of the charity at the year end totalled £2,078,525 (2023.. £1,899,101) of which £1,859,604 (2023..
£1,734,196) is endowment which is to be held within reserves to generate future income from which grants are
to be paid. and £218,921 (2023.. £164,905) is unrestricted reserves.
c. Principal funding
The charity was set up with an initial donation of £1,000,000 which was to be treated as an endowment, with the
income generated from this investment being used to make grants to other charitable organisations on
application.
Structure, governance and management
a. Constitution
The Higham Family Trust is registered as a charitable company limited by guarantee and was set up by a
Memorandum of Association on 25 February 2013.
The charity is constituted under a Memorandum of Association dated 25 February 2013 and has a registered
charity number 1151340 and a registered company number 08417421.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.
c. Organisational structure and decision-making policies
The charity is to be run by the Trustees as named in the Memorandum of Association who will share
responsibility for the consideration and approval of applications from other charitable groups to the Trust for the
award of grants.
d. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks. The Trustees consider there to be no significant areas of concern.
Page 3

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
The charity will continue to provide financial awards to charities providing charitable services.
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the Charity and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP IFRS 102)-,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved
order of the members of the board of Tru*ees arKI signed on their behalf by:
ir Rlchar
(Trustee)
Date.. 24.07.2024
arfes trllgham
Page 4

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examinerfs report to the Trustees of The Higham Family Trust ('the Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March
2024.
Responsibilities and basis of report
As the Trustees of the Charity (and 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 Charity 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 the Charity's
accounts 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 examinerfs 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 Charity 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 1021.
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.
This report is made solely to the Charity's 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 Charity's
Trustees those matters l am required to state 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 responsibility to anyone other than
the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
p4
Christopher Yeates FCA DChA
Larking Gowen LLP
Norwich
25 July 2024
Page 5

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowments from:
Investments
59,412
59,412
51,473
Total income and endowments
59,412
59,412
51,473
Expenditure on:
Charitable activities
771
5,396
6,167
43,338
Total expenditure
771
5,396
6,167
43,338
Net (expenditure)lincome before net
gainsl(losses) on investments
Net gainsl(losses) on investments
(771)
126,179
54,016
53,245
126,179
8, 135
(74,834)
Net movement in funds
125,408
54,016
179,424
(66, 699)
Reconciliation of funds:
Total funds brought fomard
Net movement in funds
1,734,196
125,408
164,905
54,016
1,899,101
179,424
1,965,800
(66,699)
Total funds carried fonNard
1,859,604
218,921
2,078,525
1,899,101
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 14 form part of these financial statements.
Page 6

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
REGISTERED NUMBER: 08417421
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Investments
1,813,357
1,688,307
1,813,357
1,688,307
Current assets
Debtors
Cash at bank and in hand
297
366
269,767
213,383
270,064
213,749
Creditors.. amounts falling due within one
year
(4,896)
(2,955)
Net current assets
265,168
210,794
Total net assets
2,078,525
1,899,101
Charity funds
Endowment funds
10
1,859,604
218,921
1, 734, 196
164,905
Unrestricted funds
10
Total funds
2,078,525
1,899,101
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The ffinan
ments ￿tre approved and authotsed for issue by the Tnjstees and signed on their behalf by:
Mr Richa
crrustee?
Date.. 24.07.2024
rles Higham
The notes on pages 8 to 14 form part of these financial statements.
Page 7

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Higham Family Trust meets the definition of the public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless Othe￿ISe stated in
the relevant accounting policy.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the company being wound up, the liability in respect of the
guarantee is limited to £10 per member of the company.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable 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.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Dividend income is recognised when it is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, 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 classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity.
Governance costs are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirements.
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 when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as
a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 8

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on
investments. in the Statement of financial activities.
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.9 Liabilities
Liabilities 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 benefit will be required in settlement. and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
1.11 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.
The endowment fund is to be invested to generate investment income. The income generated from
this investment is to be used to make grants to other charitable organisations on application.
Page 9

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income
59,412
59,412
51,473
Total 2023
51,473
51,473
Analysis of expenditure
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable activities
2,050
4,117
6,167
43,338
Total 2023
39,500
3,838
43,338
Analysis of support costs
Total
funds
2024
Total
funds
2023
Activities
2024
Expenditure on governance
4,117
4,117
3,838
Total 2023
3,838
3,838
Page 10

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Grant Awards
2024
2023
Sponsorship of charitable fundrasing events
The Matthew Project
Brain Tumor Charity
Its Time Charity
The Anthony Nolan Trust
Norfolk and Norwich University Hospital
Bramerton District Council
Macmillan Cancer Support
Cancer Care
2,050
1,650
500
500
11,000
10,000
12,750
2,000
1,000
100
Dementia Research
2,050
39,500
Independent examiner's remuneration
2024
2023
Independent examinerfs remuneration
1,680
1,620
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Debtors
2024
2023
Due within one year
Prepayments and accrued income
297
366
297
366
Page 11

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Fixed asset investments
Cash held
Listed
by
securities stockbroker
2024
2024
Total
funds
2024
Total
funds
2023
Market Value
As 1 April 2023
Additions
1,663,709
164,520
{144,489)
126,179
24,598
(21,160>
1,688,307
143,360
{144,489)
126,179
1, 764,820
113,839
(175,519)
(74,834)
Disposals
Revaluations
Total 2024
1,809,919
3,438
1,813,357
1, 688,306
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
4,896
2,955
Page 12

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds
164,905
59,412
(5,396)
218,921
Endowment funds
Endowment
1,734,196
(771)
126,179
1,859,604
Total of funds
1,899,101
59,412
{6,167)
126,179
2,078,525
The endowment fund is to be invested to generate investment income. The income generated from this
investment is to be used to make grants to other charitable organisations on application.
Statement of funds - prior year
Balance at
31 March
2023
Balance at
l April 2022
Gains/
(Losses)
Income Expenditure
Unrestricted funds
General Funds
156,257
51,473
(42,825)
164,905
Endowment funds
Endowment
1, 809,543
(513)
(74,834)
1, 734, 196
Total of funds
1, 965,800
51,473
(43,338)
(74,834)
1,899,101
Page 13

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Analysis of net assets between funds
Analysis of net assets between funds - current period
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
1,813,357
46,247
1,813,357
270,064
{4,896)
223,817
(4,896)
Total
1,859,604
218,921
2,078,525
Analysis of net assets between funds - prior period
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
1,688,307
45,889
1,688,307
213,749
(2,955)
167,860
(2,955)
Creditors due within one year
Total
1, 734, 196
164,905
1,899,101
12. Related party transactions
There were no related party transactions during the year (2023.. None)
Page 14

Registered number: 08417421
Charity number: 1151340
THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-14

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr Richard Charles Higham
Gabrielle Eleanor Higham (appointed 26 May 2024)
Isabelle Julia Higham (appointed 26 May 2024)
Company registered
number
08417421
Charity registered
number
1151340
Registered office
The Old Rectory
Brisley
Dereham
Norfolk
NR20 5LJ
Independent examiners Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
Page 1

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the The Higham Family Trust
for the 1 April 2023 to 31 March 2024. The Annual report Se￿eS the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confirm that the Annual report and financial statements of
the charitable company comply with the current statutory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice {SORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The charity is a general purpose charity where the income and capital shall be paid to or applied for the benefit
of such charities or such charitable purposes as the Trustees deem fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity (PB2)'.
b. Activities undertaken to achieve objectives
The charity will, through the provision of funds, support the work of a diverse range of charitable organisations.
The trust will not be directly involved in the delivery of charitable services. The funds will be provided from
income generated through endowment fund investments.
Achievements and performance
a. Review of activities
The Higham Family Trust operations have been reduced in the current year following death of Jacqueline
Higham. one of the trustees, in January 2023. During the year the Trust has supported a number of individuals
who took part in various races and other charitable events, total grants amounted to £2,050 {2023: £39,500
grants to charities). These awards have been funded from the interest income earned on the investment in
endowment funds. The 2 new trustees were appointed in May 2024, this will enable the Trust to resume its
nomial operations in 2024.
b. Investment policy and performance
The endowment fund is currently invested in a deposit account with HSBC bank. as well as investments with
Barratt & Cooke, and COIF Charity Investments Fund. These investments have earned a total income of
£59,412 (2023 - £51,473) in the year.
Page 2

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason. they continue to
adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of
the going concern basis can be found in the accounting policies.
b. Reserves policy
The reseNes of the charity at the year end totalled £2,078,525 (2023.. £1,899,101) of which £1,859,604 (2023..
£1,734,196) is endowment which is to be held within reserves to generate future income from which grants are
to be paid. and £218,921 (2023.. £164,905) is unrestricted reserves.
c. Principal funding
The charity was set up with an initial donation of £1,000,000 which was to be treated as an endowment, with the
income generated from this investment being used to make grants to other charitable organisations on
application.
Structure, governance and management
a. Constitution
The Higham Family Trust is registered as a charitable company limited by guarantee and was set up by a
Memorandum of Association on 25 February 2013.
The charity is constituted under a Memorandum of Association dated 25 February 2013 and has a registered
charity number 1151340 and a registered company number 08417421.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.
c. Organisational structure and decision-making policies
The charity is to be run by the Trustees as named in the Memorandum of Association who will share
responsibility for the consideration and approval of applications from other charitable groups to the Trust for the
award of grants.
d. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks. The Trustees consider there to be no significant areas of concern.
Page 3

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
The charity will continue to provide financial awards to charities providing charitable services.
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the Charity and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP IFRS 102)-,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved
order of the members of the board of Tru*ees arKI signed on their behalf by:
ir Rlchar
(Trustee)
Date.. 24.07.2024
arfes trllgham
Page 4

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examinerfs report to the Trustees of The Higham Family Trust ('the Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March
2024.
Responsibilities and basis of report
As the Trustees of the Charity (and 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 Charity 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 the Charity's
accounts 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 examinerfs 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 Charity 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 1021.
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.
This report is made solely to the Charity's 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 Charity's
Trustees those matters l am required to state 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 responsibility to anyone other than
the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
p4
Christopher Yeates FCA DChA
Larking Gowen LLP
Norwich
25 July 2024
Page 5

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowments from:
Investments
59,412
59,412
51,473
Total income and endowments
59,412
59,412
51,473
Expenditure on:
Charitable activities
771
5,396
6,167
43,338
Total expenditure
771
5,396
6,167
43,338
Net (expenditure)lincome before net
gainsl(losses) on investments
Net gainsl(losses) on investments
(771)
126,179
54,016
53,245
126,179
8, 135
(74,834)
Net movement in funds
125,408
54,016
179,424
(66, 699)
Reconciliation of funds:
Total funds brought fomard
Net movement in funds
1,734,196
125,408
164,905
54,016
1,899,101
179,424
1,965,800
(66,699)
Total funds carried fonNard
1,859,604
218,921
2,078,525
1,899,101
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 14 form part of these financial statements.
Page 6

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
REGISTERED NUMBER: 08417421
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Investments
1,813,357
1,688,307
1,813,357
1,688,307
Current assets
Debtors
Cash at bank and in hand
297
366
269,767
213,383
270,064
213,749
Creditors.. amounts falling due within one
year
(4,896)
(2,955)
Net current assets
265,168
210,794
Total net assets
2,078,525
1,899,101
Charity funds
Endowment funds
10
1,859,604
218,921
1, 734, 196
164,905
Unrestricted funds
10
Total funds
2,078,525
1,899,101
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The ffinan
ments ￿tre approved and authotsed for issue by the Tnjstees and signed on their behalf by:
Mr Richa
crrustee?
Date.. 24.07.2024
rles Higham
The notes on pages 8 to 14 form part of these financial statements.
Page 7

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Higham Family Trust meets the definition of the public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless Othe￿ISe stated in
the relevant accounting policy.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the company being wound up, the liability in respect of the
guarantee is limited to £10 per member of the company.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable 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.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Dividend income is recognised when it is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, 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 classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity.
Governance costs are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirements.
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 when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as
a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 8

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on
investments. in the Statement of financial activities.
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.9 Liabilities
Liabilities 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 benefit will be required in settlement. and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
1.11 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.
The endowment fund is to be invested to generate investment income. The income generated from
this investment is to be used to make grants to other charitable organisations on application.
Page 9

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income
59,412
59,412
51,473
Total 2023
51,473
51,473
Analysis of expenditure
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable activities
2,050
4,117
6,167
43,338
Total 2023
39,500
3,838
43,338
Analysis of support costs
Total
funds
2024
Total
funds
2023
Activities
2024
Expenditure on governance
4,117
4,117
3,838
Total 2023
3,838
3,838
Page 10

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Grant Awards
2024
2023
Sponsorship of charitable fundrasing events
The Matthew Project
Brain Tumor Charity
Its Time Charity
The Anthony Nolan Trust
Norfolk and Norwich University Hospital
Bramerton District Council
Macmillan Cancer Support
Cancer Care
2,050
1,650
500
500
11,000
10,000
12,750
2,000
1,000
100
Dementia Research
2,050
39,500
Independent examiner's remuneration
2024
2023
Independent examinerfs remuneration
1,680
1,620
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Debtors
2024
2023
Due within one year
Prepayments and accrued income
297
366
297
366
Page 11

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Fixed asset investments
Cash held
Listed
by
securities stockbroker
2024
2024
Total
funds
2024
Total
funds
2023
Market Value
As 1 April 2023
Additions
1,663,709
164,520
{144,489)
126,179
24,598
(21,160>
1,688,307
143,360
{144,489)
126,179
1, 764,820
113,839
(175,519)
(74,834)
Disposals
Revaluations
Total 2024
1,809,919
3,438
1,813,357
1, 688,306
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
4,896
2,955
Page 12

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds
164,905
59,412
(5,396)
218,921
Endowment funds
Endowment
1,734,196
(771)
126,179
1,859,604
Total of funds
1,899,101
59,412
{6,167)
126,179
2,078,525
The endowment fund is to be invested to generate investment income. The income generated from this
investment is to be used to make grants to other charitable organisations on application.
Statement of funds - prior year
Balance at
31 March
2023
Balance at
l April 2022
Gains/
(Losses)
Income Expenditure
Unrestricted funds
General Funds
156,257
51,473
(42,825)
164,905
Endowment funds
Endowment
1, 809,543
(513)
(74,834)
1, 734, 196
Total of funds
1, 965,800
51,473
(43,338)
(74,834)
1,899,101
Page 13

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Analysis of net assets between funds
Analysis of net assets between funds - current period
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
1,813,357
46,247
1,813,357
270,064
{4,896)
223,817
(4,896)
Total
1,859,604
218,921
2,078,525
Analysis of net assets between funds - prior period
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
1,688,307
45,889
1,688,307
213,749
(2,955)
167,860
(2,955)
Creditors due within one year
Total
1, 734, 196
164,905
1,899,101
12. Related party transactions
There were no related party transactions during the year (2023.. None)
Page 14

Registered number: 08417421
Charity number: 1151340
THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-14

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr Richard Charles Higham
Gabrielle Eleanor Higham (appointed 26 May 2024)
Isabelle Julia Higham (appointed 26 May 2024)
Company registered
number
08417421
Charity registered
number
1151340
Registered office
The Old Rectory
Brisley
Dereham
Norfolk
NR20 5LJ
Independent examiners Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
Page 1

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the The Higham Family Trust
for the 1 April 2023 to 31 March 2024. The Annual report Se￿eS the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confirm that the Annual report and financial statements of
the charitable company comply with the current statutory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice {SORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The charity is a general purpose charity where the income and capital shall be paid to or applied for the benefit
of such charities or such charitable purposes as the Trustees deem fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity (PB2)'.
b. Activities undertaken to achieve objectives
The charity will, through the provision of funds, support the work of a diverse range of charitable organisations.
The trust will not be directly involved in the delivery of charitable services. The funds will be provided from
income generated through endowment fund investments.
Achievements and performance
a. Review of activities
The Higham Family Trust operations have been reduced in the current year following death of Jacqueline
Higham. one of the trustees, in January 2023. During the year the Trust has supported a number of individuals
who took part in various races and other charitable events, total grants amounted to £2,050 {2023: £39,500
grants to charities). These awards have been funded from the interest income earned on the investment in
endowment funds. The 2 new trustees were appointed in May 2024, this will enable the Trust to resume its
nomial operations in 2024.
b. Investment policy and performance
The endowment fund is currently invested in a deposit account with HSBC bank. as well as investments with
Barratt & Cooke, and COIF Charity Investments Fund. These investments have earned a total income of
£59,412 (2023 - £51,473) in the year.
Page 2

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason. they continue to
adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of
the going concern basis can be found in the accounting policies.
b. Reserves policy
The reseNes of the charity at the year end totalled £2,078,525 (2023.. £1,899,101) of which £1,859,604 (2023..
£1,734,196) is endowment which is to be held within reserves to generate future income from which grants are
to be paid. and £218,921 (2023.. £164,905) is unrestricted reserves.
c. Principal funding
The charity was set up with an initial donation of £1,000,000 which was to be treated as an endowment, with the
income generated from this investment being used to make grants to other charitable organisations on
application.
Structure, governance and management
a. Constitution
The Higham Family Trust is registered as a charitable company limited by guarantee and was set up by a
Memorandum of Association on 25 February 2013.
The charity is constituted under a Memorandum of Association dated 25 February 2013 and has a registered
charity number 1151340 and a registered company number 08417421.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.
c. Organisational structure and decision-making policies
The charity is to be run by the Trustees as named in the Memorandum of Association who will share
responsibility for the consideration and approval of applications from other charitable groups to the Trust for the
award of grants.
d. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks. The Trustees consider there to be no significant areas of concern.
Page 3

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
The charity will continue to provide financial awards to charities providing charitable services.
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the Charity and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP IFRS 102)-,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved
order of the members of the board of Tru*ees arKI signed on their behalf by:
ir Rlchar
(Trustee)
Date.. 24.07.2024
arfes trllgham
Page 4

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examinerfs report to the Trustees of The Higham Family Trust ('the Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March
2024.
Responsibilities and basis of report
As the Trustees of the Charity (and 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 Charity 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 the Charity's
accounts 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 examinerfs 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 Charity 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 1021.
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.
This report is made solely to the Charity's 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 Charity's
Trustees those matters l am required to state 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 responsibility to anyone other than
the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
p4
Christopher Yeates FCA DChA
Larking Gowen LLP
Norwich
25 July 2024
Page 5

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowments from:
Investments
59,412
59,412
51,473
Total income and endowments
59,412
59,412
51,473
Expenditure on:
Charitable activities
771
5,396
6,167
43,338
Total expenditure
771
5,396
6,167
43,338
Net (expenditure)lincome before net
gainsl(losses) on investments
Net gainsl(losses) on investments
(771)
126,179
54,016
53,245
126,179
8, 135
(74,834)
Net movement in funds
125,408
54,016
179,424
(66, 699)
Reconciliation of funds:
Total funds brought fomard
Net movement in funds
1,734,196
125,408
164,905
54,016
1,899,101
179,424
1,965,800
(66,699)
Total funds carried fonNard
1,859,604
218,921
2,078,525
1,899,101
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 14 form part of these financial statements.
Page 6

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
REGISTERED NUMBER: 08417421
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Investments
1,813,357
1,688,307
1,813,357
1,688,307
Current assets
Debtors
Cash at bank and in hand
297
366
269,767
213,383
270,064
213,749
Creditors.. amounts falling due within one
year
(4,896)
(2,955)
Net current assets
265,168
210,794
Total net assets
2,078,525
1,899,101
Charity funds
Endowment funds
10
1,859,604
218,921
1, 734, 196
164,905
Unrestricted funds
10
Total funds
2,078,525
1,899,101
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The ffinan
ments ￿tre approved and authotsed for issue by the Tnjstees and signed on their behalf by:
Mr Richa
crrustee?
Date.. 24.07.2024
rles Higham
The notes on pages 8 to 14 form part of these financial statements.
Page 7

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Higham Family Trust meets the definition of the public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless Othe￿ISe stated in
the relevant accounting policy.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the company being wound up, the liability in respect of the
guarantee is limited to £10 per member of the company.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable 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.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Dividend income is recognised when it is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, 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 classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity.
Governance costs are those incurred in connection with administration of the charity and
compliance with constitutional and statutory requirements.
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 when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as
a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 8

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on
investments. in the Statement of financial activities.
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.9 Liabilities
Liabilities 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 benefit will be required in settlement. and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
1.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
1.11 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.
The endowment fund is to be invested to generate investment income. The income generated from
this investment is to be used to make grants to other charitable organisations on application.
Page 9

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income
59,412
59,412
51,473
Total 2023
51,473
51,473
Analysis of expenditure
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable activities
2,050
4,117
6,167
43,338
Total 2023
39,500
3,838
43,338
Analysis of support costs
Total
funds
2024
Total
funds
2023
Activities
2024
Expenditure on governance
4,117
4,117
3,838
Total 2023
3,838
3,838
Page 10

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Grant Awards
2024
2023
Sponsorship of charitable fundrasing events
The Matthew Project
Brain Tumor Charity
Its Time Charity
The Anthony Nolan Trust
Norfolk and Norwich University Hospital
Bramerton District Council
Macmillan Cancer Support
Cancer Care
2,050
1,650
500
500
11,000
10,000
12,750
2,000
1,000
100
Dementia Research
2,050
39,500
Independent examiner's remuneration
2024
2023
Independent examinerfs remuneration
1,680
1,620
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Debtors
2024
2023
Due within one year
Prepayments and accrued income
297
366
297
366
Page 11

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Fixed asset investments
Cash held
Listed
by
securities stockbroker
2024
2024
Total
funds
2024
Total
funds
2023
Market Value
As 1 April 2023
Additions
1,663,709
164,520
{144,489)
126,179
24,598
(21,160>
1,688,307
143,360
{144,489)
126,179
1, 764,820
113,839
(175,519)
(74,834)
Disposals
Revaluations
Total 2024
1,809,919
3,438
1,813,357
1, 688,306
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
4,896
2,955
Page 12

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds
164,905
59,412
(5,396)
218,921
Endowment funds
Endowment
1,734,196
(771)
126,179
1,859,604
Total of funds
1,899,101
59,412
{6,167)
126,179
2,078,525
The endowment fund is to be invested to generate investment income. The income generated from this
investment is to be used to make grants to other charitable organisations on application.
Statement of funds - prior year
Balance at
31 March
2023
Balance at
l April 2022
Gains/
(Losses)
Income Expenditure
Unrestricted funds
General Funds
156,257
51,473
(42,825)
164,905
Endowment funds
Endowment
1, 809,543
(513)
(74,834)
1, 734, 196
Total of funds
1, 965,800
51,473
(43,338)
(74,834)
1,899,101
Page 13

THE HIGHAM FAMILY TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Analysis of net assets between funds
Analysis of net assets between funds - current period
Endowment Unrestricted
funds
funds
2024
2024
Total
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
1,813,357
46,247
1,813,357
270,064
{4,896)
223,817
(4,896)
Total
1,859,604
218,921
2,078,525
Analysis of net assets between funds - prior period
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
1,688,307
45,889
1,688,307
213,749
(2,955)
167,860
(2,955)
Creditors due within one year
Total
1, 734, 196
164,905
1,899,101
12. Related party transactions
There were no related party transactions during the year (2023.. None)
Page 14