CHARITY COMMISSION . FOR ENGLAND AND WALES Receipts and payments accounts CC16a For the period from To 0110412023 3110312024 Section A Receipts and payments Unrestrlcted funds to th8 n8are$t Reslricted funds Endowment funds Total funds Last yoar t¢ th• nearest £ lo ¢he nearegt £ to the noarast £ to thè nearo$t £ A1 Receipts DonatlOn5 and Legacies Vermeer Portfolio Dep0511 Interest Vemieer Portfolio Inveslmenls 21,116 1.273 8,139 21,116 1.273 8.139 27,074 7.963 Sub total (Gross income for AR) 30.528 30,S28 35,123 A2 Asset and investment sales, (see table). Sale of Investments 55,245 55,245 25.020 Sub total 55,245 55,245 21020 Total receipts 85,773 8S.T73 60,143 A3 Payments Grant5 and donation5 paid Bank Inte￿$t Investment Manager Fees LEI r8n8w81 fee Vemieer Portdolio refunds Prior year adiuslmenl 15,500 15.500 83,550 3,032 3.032 2,138 78 17 80 302 302 Sub total 18.230 18,230 85.885 A4 Asset and investment purchases, see table 38.508 3&508 23.297 Sub total 38,508 38.508 23.297 Total payments 56,738 56,738 109,182 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash fvnds thls year end 29,035 29.035 49,039 82,801 111,836 82.801 111,836 131,840 82.801 CCXX R1 aceounls ISS} 1410412025 Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted funds funds to n•artsst £ Endowmènt funds to ngargst £ Categories Details to nearest £ B1 Cash funds Cash at bank 6S,351 Vemeer cash 46,485 Total cash funds 111,836 lagree bala￿e$ with receipts and payments accountlsll Unrestricted funds to nèare8t È Restrl¢ted funds to nearest £ Endowment funds to noar•st£ Details Fund to whlch asset bolon Current valuè tlonal 293,695 Details Veneer Portfolio Cost loptlonall 251,294 B3 Investment assets Fund to whleh assot belon Curr•nt value tlonal Details Cost loptlonall B4 Assets retained for the charity's own use Fund to whlch r•lat•s Amount duè tlonal 1Olhèn dLte tlonal Details B5 Liabllltles Signed by one or ts¥o trustees on behalf of all the trustees Signature Ptint Name Date of roval Js/L> 15 CCXX R2 accounts ISS} 1410412025 CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees, Annual Report for the period From 1st April 2023 Period start date To 31st March 2024 Period end date Charity name: The Ince Group Charitable Foundation Charity registration number: 1167249 Objectives and Activities SORP referen Summary of the purposes of the charity as set out in its overnin document Summary of the main activities in relation lo those purposes for the public benefit, in particular, the activities. projects or services identified in the accounts. Statement confirming whether the trustees have had regard to the guidan issued by the Charity Commission on public benefit Para 1.17 Grant making to charitsble purposes in the United Kingdom and to other United Kin dom re istered charities. The charity has made grants to UK Registered Charities and Charitable causes which benefit primarily the vulnerable, homeless and mental health. Para 1.17 and 1.19 Para 1.18 At all times when conducting the Charity's activities the Trustees have had regard to the Charity Commission guidance on public benefit. Additional inforniation (optional) You ma choose to include further statements where relevant about.. SORP reference The trustees do not have a fomial Grant Making policy at this time. It is considered that the trustees will likely align as a corporate foundation to Greenwoods Legal LLP. It is expected that the formal policy, when implemented, will be to provide grants to charities which are for the benefit of vulnerable groups and which enhance local communities. A policy of this nature will be considered by the trustees once new trustees have been appointed. Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment The trustees are unremunerated but there are no other volunteers. Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP reference The charity has made a Grant to the Maritime London Officer Cadet Scholarship of £15,500 which as allowed Officer Cadet Scully to further his training. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 The Charity intends to align with Greenwoods Legal LLP following the collapse of Ince & Co. and Trustees will then be better placed to consider making grants in future years. Additional information (optional) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 The Charity's financial strength remains strong, primarily as a result of its low operating costs. The trustees are not remunerated. No reserves are held Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 No reserves are held With minimal operating costs there is no re uirement to hold reserves None Para 1.22 Para 1.24 Para 1.23 None Additional information (optional) You ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts: Type of governing document Para 1.25 Deed of Trust How is the charity constituted? Para 1.25 Trust Trustee selection methods including detsils of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Appointed by the body of trustees. Additional information (optional) You ma choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the chari uses istered chari number Charity's principal address Names of the charity trustees who manage the charity Dates acted If not for whole ear Trustee name Office (if any) Name of person (or body) entitled toa oinl trustee Ifan Roger Peters Amelia Beringer Oonagh Alen- Buckley Victoria Yates Chairman Whole Year Trustee Whole Year Trustee Until 25 January 2024 Trustee Whole Year 10 11 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Director name ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dates acted If not for whole ear Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Detsils of arrangements for safe custody and segregation of such assets from the charity's own assets Additional information (optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Legal advisers Greenwoods Legal LLP Queens House, 55-56 Lincoln's Inn Fields, London, WC2A 3LJ Independe Robert Young 13 Hanover Square, Mayfair, London, United Kingdom, W1S 1HN Examiner Name of chief executive or names of senior stsff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name{s) Posltlon (eg Secretary. Chair, etc) Date )qJ4/201f Independent examlnerfs report to the trustees of The Ince Group Charitable Foundatlon I report to the trustees on my examination of the accounts of The Ince Group Charitable Foundation (the Trust) for the year ended 31 March 2024. Responsibilities and basis of ￿port As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the ACY). I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direttions given by the Charity Commission under section 145(51(b) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination givin8 me cause to believe that in any material respect- accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accountsdo notcomplywiththe applicable requirementsconcerningtheform and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CK18 other than any requirement that the account5 give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attentton should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Si8ned- Name: Robert Young BSC FIA Relevant professional qualification or membership of professional bodies lif any): Fellow of the Institute and Faculty of Actuaries Address.. Lenwood Cottage Lenham Heath Road Lenham Heath Maidstone Kent ME17 2BS Date. 11 April 2025