Charlly registrallon number 1169204 {Englond and Wales) Charlty raglstratlon number SC048148 {Scotlandl LOCKTON CHARITABLE ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 • xeinadin
LOCKTON CHARITABLE ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trusteès Ms S Jeffs Ms K McAdams Mr M B Boume Mr S Clark Mr S J Amblei Mr S Coleman Mr C Ramadoro (Appointed 18 December 2025) (Appointed 18 December 20251 (Appointed 18 December 20251 (Appoinled 26 February 20261 (Appoinled 26 February 20261 Mr J E J N811r888 Mr C AJ H8nninglon Mr J Hlcks Mr J Wollendale Charlty numb8r IEngland and Wales) 1169204 Ch8rlty number Iscotlandl SC048148 Independent oxamlnar Haz81 Day Xeln3dln London Litnlled 46148 East Slre8t Epsom Surrey United Klngdom KT17 1HQ
LOCKTON CHARITABLE ASSOCIATION CONTENTS Paue Tfusl8es' I8port Sla18m8nl of Iruslees, responslbllllles Independent examlnerfs report Slalemenl of finarhcial attlvltlÉs Balance sheet Statement of cash flows 10 Notes lo Ihe finarKial slalements
LOCKTON CHARITABLE ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees Present theii annual ieport and fin8ncial statements for the year ended 31 Decetnb8r 2025. The financial stat8rn8nls have been prepared in accordane8 wlth th8 accounting policies set out In nole 1 to thè rinaneial stat8menls and cornp wilh the charStVs governlng docvmenl, Ihe Charities Acl 2011. the charlll85 8nd Trustee Investment Iscollandl Act 2005, the Charilies Accounts Iscollandl Regulations 2006. FRS 102 "The Flnanclal Reporting Slandard applicable Irh Ihe UK 8nd Republic of Ireland and the Ch8rilles SORP "Accounting and Reporfing by Charities.. Statem8nt of R8cornm8nded Practice applicable lo eharities prepaThng Iheir accounts in accordance with the Finanelal Reporling Standard applicable in Ihe UK and Republic of Ireland IFRS 1021.. Oblectlves and activllies The Charity's conslllullon sets out ils purposes and aims. and the rules regulating ils governance as described below.. The puipose of the Charity is to further such exclusively charitable purposes for Ihe publlc bBnefil according lo the laws ol England. Wales and Scotland and as the Trustees of Ihe Charity shall In Ihelr 8b8olule discretion determine. The strategy of the Charity is lo provide an environment that enable5 Locklon employees to nominate a registered charity each year Icharily of Yearl and put fOard recommendations lor raising funds for donation to the Ch8ri1y. In additlon, Locklon employees raise lund5 for any charitable cause in line with the Charfly'5 oblect¢V8s. Th8S8 recommendations are cA)nsidered by the Trustees for implem8ntation. Publlc beneflt The Trustees have paid due regard lo guldance issued by the Charity Commisslon In decldlng whal activities the charity should undertake. Volunt88rs In common with many charilies il would be difficult to operate without the suppart of volunteers. During Ihe year covered by Ihese financial stalemenls, the Chaiity ha5 benefilled from the support of volunteers Irom wllhln thè Lockton enlerprise, for which they are graleful.
LOCKTON CHARITABLE ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Aehlèvèmènts and performance Slgnlflcant Actlvltles The Charily of the Year. as nominaled by Locklon employees for 202412025 was Togelher for Short Lives. a charity Ihal provides a vital source of support and help lo children's hospices to deliver lifeline care and support to serlovsly ill children and their f8tvllies, helplng them to make the most of every precious momenl together. Fundraislng activilies concluded in September 2024 with £252,000 r8lsèd over th6 partnershlp perlod. together for •short Lives We re honored lo b8 $81gcl8d 88 LoGkton Chènt8bl6 Association charitypartnerfor 2025, and what 8n In¢redlblB year it has beenl Thanks lo your g$rt6msity and commilment, youtre rais8d an incr8dibl8 £252,000 for Togèlher for Short LN&s and children s ho8PAC88 across lh8 UK. Its diificult to fully express what Ihis support means lo us. Not onty will Ihese funds help provide vital seNices and Care for tsmili85, butyour enthusiasm Ihroughoul Ihe partnership has 8180 helped to r8isg much ne6ded awareness of children s hosplce at a tlm& when Ihey are facing significanl funding pressur8S. You have been exlraordinary supporters, and wè so d86pty grat6ful for everylhing you have done. Wh&n fèmlll6s recelve the eare Ihey need, Ihey can locus on whAt mèltsrs mosl - being a family. Because of our partnsrshlp, Gounll8ss speclal moments and memories have been made posslblè. You should le61 incredlbly proud of Ihe differenGe You8 m8d8. Courtnee . Ihe Together for Short Lives team and children's hosplces" Donallons remain the Charilys largest source ol income and reflect the uenerosily and commitment of Lockton employ80s, who support a wlde range of fundraising activities including sporling challenges. quizzes. raffles. auctions, in-house fairs, cake sales and charily breaklasts. The Charity also conlinves lo raise funds through Ils small society loltery, launched in 2019, whlch has proved a successful initiative, with 50% 01 proceeds don818d to the Charity's unrestrtcled funds to support ils wider charitable purposes. The funds raised 10 8UPPOrt ch8ritable causes ale shown in notes 10 anLI 11. Mlsslon Statamant Our misslon slalèment Is slmply for the Charily lo rais8 funds for donallon lo règlslered charilies and charilable prolecls to improve the lives of people In our community.
LOCKTON CHARITABLE ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanel#l r8vIgw These financial slalemenls cov8r the year lo 31st December 2025 durfng whlch th8 activities of Ihe ChaTiIy generated Income of £257,292 (prior year.. £349.7721. Prlnclpal Fundlng Sources The Charity receives donallons from Locklon employees. the general public and members of the insurance community. Locklon employees nominate a Charity of the Yea¥ and donallons received 8r8 held as restricted lunds then donated directly to the nominated regislered charily. Olher donallons rec8iV8d as unrestricted funds are donated 10 8 rang8 of charitable causes nominated by Locklon employ8e8 and governed and managed by the Trustees. Other sources of incorne are Ihrough Giv8 As You Eam, Pennies fiom Heaven and the small lott8ry run by the Locklon Charity. In addilion. Ihg Ch8fily is supported by Lockton Companies LLP who provide an annual donation and 'in-kind° support to asslst the Charity with ils general expenses and r8sponslbilities to meet ils charilable purposes. The Trustees are certain that this funding is suslainable for the foreseeable future. There are no material uncertaintiès th81 th8 Trustees are aware of that may impact the goSng coneern of the Charity. R•saN•s pollcy 11 is the policy of the charity that unrestricted funds which have nol been d85ignaled lor a specific use should be maintained 8t 8 level equivalent to between three and slx month's expendilure. The Trustees consider that reserves at thls 18vel will ensure that, in the event of 8 slgnlflc8nt drop in lunding, they will be able to continue the charltls current 8clivilies while consideration is glven to W8ys In whlch additional lunds may be raised. Thls 18vel of rgseNes has been maintained throughout the y8ar. The TTUStees have consldered the requirernents for a reserves pollcy b85ed on ils annual running cosls. which is in line wilh the following years expense budget. The ies8rv8s policy has been rewewed durlng the flnanclal year and Ihe Trustees consider the value of the reserve rem8lns appropriate. Investmant Pollcy Due to Ihe nature of Ihe Charity the Trustees reel il is appropr18tg lo relain reserves in a current bank account. structure, governance and manag8m8nt The Charity is a charilable incorporated oigani58tion regi81ered in England and Wales with Ihe Charity Commission and in Scotland with the Scottish Charity Regul8tor. The Truslees who seNed during the year and up to Ihe date of slgnature of the fln8ncial statements were.. Ms S JeHs Ms K McAdams Mr hA B Bourne Mr S Clark Mr S J Ambler Mr S Coleman Ms T Dunslan Mr C Ramadoro Mr J E J Nallrass Mr C AJ Hanninglon Mr J Hicks Mr J Wollend818 (Resigned 28 February 20261 (Appointed 18 December 20251 (Appointed 18 December 20251 (Appointed 18 December 20251 (Appointed 26 February 20261 {Appoinled 26 February 20261
LOCKTON CHARITABLE ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 R*cruilmenl and appolnlmenl oltruslees The Charfty has adopled a recruilment process lo identify gppropri818 parsons tojoin the Charity as Trustees. When n8w Twslees are appolnled they are gSvèn an Induclion lo Ihe work of the Charlly an(J are provided wllh information lo enable them to lulfil Ih8ir role. The induction Includes relevant training. induction pack with essenllal guidanc6 on the role and responsibS1ilies of a Trustee and charity law including an inlfoduclion lo the Charity and Its IEJurn8y through tha y88rs to citrrent dèlè. Organisationalslruclur The Charity is managed and conlrolle(J independently from Locklon Comp8nlÈs LLP and was established exclusively for charitable purposes for the t>enefil of the public. The Charity Is gov6rn6d by a Board of Trustees appointed in accordan¢è with 8 m8ndated recruilmenl PTOC8SS as recommended by the founding Trustees lo the Charlty and pursuanl lo charity law. The Twslees manage Ihe affairs of the Charily in accordancè wlth their powers as sel oul In th8 conslilullonal document. Thg minimum number of Charity Trustees in offic8 Is 3 with 8 maxlmum number of 12 Trustees in office. Each year al the Annual Gener81 Meeung, one-third of Trustees retire from office and retirernenl by roialion applies to those who have been lorngesl In officè slncè thelr18sl appointment OT reappoinlmenl. Th8 Ch8rfty enoagès wilh a group of Locklon employees I'charity Champions'l who hav8 volunteered to as8lsl wlth the m3naggm8nt of fundraising aclivilies. The Charily Ch8mpions are reprosented from Ihe bLFsiness of Locklon In the UK. Olljermalters Rl8k Management The Trvslees acknowledge that thè Charity faces risks within Ihe environment in which il opeiates and the Twslees are satisfied thal Ihey have identified and 8nalys8d all major risks that the Charity Is oxposed to pul In place effectlve controls to miligale those risks. The typ8 ol risk and itnpaGI have been considered against Ihe principlès ol chaiity guidancé and ratèd accordingly. These potential risks rela18 10.. Organisalion perfomiance including rlsks lo Trusl8BS; Financial slabilily Sncludlng Gontrtsls and income- Governance and objectives Includlng legal requirements. The TNsl88s annually review the Charity risk règlslèr and consldor any new faclors ihal could impact the Charfty and dectde coll8¢1ively oll millgallng aotions. The trustees, report was approved by the Board of Twslees. IASSJ Twstee Dale.. 20th August 2026
LOCKTON CHARITABLE ASSOCIATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Th8 Trustees are responsible for preparlng the Trustees. Report and the financl81 st81emenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Praclicel. The law applicable lo charities in England and Wales and in Scotland requires the Truste88 lo prepare financial 51alemenls lor each financial ye8r whlch give a true and lair view ol the slate of alfairs of the charily and ol the Incoming resources and 8pplScallon of resource5 of the charity for that year. In preparing these financial statements, the Trustees are required lo.. select suilablg accounting policies and then apply th8m consislenlty., observe Ihe methods and principles in Ihe Ch8rili8s SORP., make judgements and eslimales that 8r8 reasonable and prudent., stale whether applicable 8coounling standards have been follow8d, subject lo any material departures disclosed and explained in the fin8nci81 slatements.. and prepare th8 financial slalemenls on the going concern basis unless il is inappropriate to presume that the ch8rity 11 continu8 In op8ration. The Trustees are responsSble for keeping sufficient accounling records that disclose with reasonable accuracy at any lime the financi31 posllion of the charity and enable them to ensure Ihal the financial slalemenls comply with the Charilies Acl 2011. the Charity (Accounts and Reports) Regulalions 2008, the Charities and Trustee Invesltnenl (Scotlandl Act 2005, the Charities Accounts (ScotladI Regulalions 2006 and the provisions of the trLJsI deed. They are a150 r85ponsib18 for safeguarding the assets of the charity and hence lor laking reasonable steps for the prevenllon and deleclion ol fraud and other Irregularili8S.
LOCKTON CHARITABLE ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOCKTON CHARITABLE ASSOCIATION I r8port to thè Trustees on my exarninalion of the financi818talemenls ol Lo¢kton Charilable Associalton (thg charity) lor th8 yèar ènded 31 December 2025. R&sponslbllltlè8 and basls of report As the Twslees of the charily you are responsible for the preparallon ol th8 finaneAal statements in accoTdance with Ihg requirements of the Charities Act 2011, Ihe Charities and TTustee InvÈslmant (Scollandl Act 2005 and the Charities Accounts (Scollandl Regulallons 2006. You are satisfied that Ihe financial slalem8rils of Ihe chailty are nol required by charity law lo be audited and h8v6 chosen instead lo have an independent examination. I ptsrt in respecl of my examlnalion of the charily's finandal slalemenls C8Fried out undeF section 44llllcl ol Ihe Charities and Trustee Invèstment (Scollandl Act 2005 and section 145 of the Charities Act 2011. Ir4 carrylng out my examination I hav& frjllowed the requirements ol Regulation 11 of the Charities Acc4)unls (Scollandl RegulalSons 2006 and th8 Dlrecuons given by the Charity Commlssion under section 14515llbl of Ihe Chartlles Act 2011. Independent examlner's statement Slnce the charity has prepared ils finar181 slalemènts on an accruals basis and is also rdglslaréd In Scotland, or Ihe eharitys gross income exceeded £250,000, thè Indépèndenl examlner musl be a member of a body listed In Re9ulallon 11121 of Ihe Charllies Accounts (Scollandl Regltlations 2006 8nd seclion 145 of the Charilies Act 2011. 1 confirm that l am quèllfled to und6rt8ke the examination because l am a rnembor of ICAEW. vthich Is one of the listed bodies. Your 8tt8nlltsn Is drawn to the facl that the charity has prepare¢J th8 finarbci81 statetllents in accordance with th8 relevanl version ol the St8lemenl of Recommended Practice applicable lo charities PTep8ring their financial slalements in acrdanCe wilh the Financial R8POrting Standard applicable in Ihe UK and Republic of Ir818nd IFRS 1021 in prel&rence to the Accounting and Reporting by Charities.. Sfal¢merst ol Recommended Practice issued on I April 2005 which is refeired to in Ihe exlanl regulalions bul has now been wllhdrawn. l understand that this ha8 been done in order for the flnanc181 stotements lo promde a true and falr vlew In accord8nc8 wilh UK Generally Accepted Accounting Practice. I have completed rny examlnalion. I confirm Ihal no mallers havè eomè to my 8tlenlion in connecllon with the examination giving me cause lo belleve Ihal In any material respect= accovnllng records were nol kepl in respect of the charity as required by section 4411 Ila) of the Charities and Trustee Investment {Scoll8ndl Act 2005. Regulation 4 of the Charities Accounts (Scollandl Regulations 2006 8nd seotion 130 of the Charities Act 2011. the llnanclal slalernenls do not accoid wllh those reeords.. or the financial stalernenls do not comply wilh the a¢counling requirem8nls of Regul8llon 8 of th8 Charities Aecounls Iscotlandl Regulations 2006 and the applicable requiremenls concerning the fomi and contènt of rinancial slal6mBnts s61 oul In the Charities {Accounts and Reports) Regulations 2008 other than any requirement that th8 financlal 51alemenls give a true and falr vlew, whlch Is not 8 mat18r considered as part of an Independent 8xaminalion. I have no COnrn5 and have come across no other mallws in connectlon wSth the examination lo which allenlion should b8 diawn in this report In order lo enable a proper understanding of (ha finan¢Sal slalemenls lo be reached.
LOCKTON CHARITABLE ASSOCIATION INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF LOCKTON CHARITABLE ASSOCIATION H•z81 Day BSclHonsl FCA DChA Xeinadin London Lirniled 46148 East Slreet Epso Surrey KT17 1HQ United Kingdom 081e'.
LOCKTON CHARITABLE ASSOCIATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unreslrlcted R¢slrl¢t¢d funds funds 2025 2025 Total Unrestrlcted Re3trlcted funds fund$ 2024 2024 Total 2025 2024 Notas In¢oM¢ from: Charitable activitie Donations and LegaThes 110,957 146.335 257,292 90.108 259.664 349,772 Total income 110,957 146,335 257.292 90,108 259.664 349,772 Exp9ndllurè on: FundrBising and publicity 23,480 25,218 48,698 18,330 17,755 36.085 Charil Donations 7.500 82,527 90,027 30,883 245,143 276,026 Tolal oxpBndllure 30,980 107,745 138.725 49,213 262,898 312.111 Nèl Income 79,977 38,590 118,$67 40,895 (3,2341 37,661 Transfers belw88n funds 5,000 15.0001 Net movement In funds 79.977 38.590 118.567 45,895 18.2341 37,661 Reconclliallon of funtls". Fund b818nces al 1 January 2025 98.763 2,028 t10,791 52.868 20.262 73,130 Fund balances at 31 December 2025 178.740 50,618 229,358 98,763 12,028 110,791 Thè sl8tement of financial aclivllies Indud8s all galns and losses Tecognised ih8 year. All Incomg And expenditure dèrtvè from conlinuing actiLIeS.
LOCKTON CHARITABLE ASSOCIATION BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Notes Current assets Debtors Cash al bank and in hand 11 805 237,683 112,441 238.488 112,441 Credltors: amounts falllng due wlthln one yéar 12 {9.1301 11,6501 Nel curront asséts 229.358 110,791 The funds af the charlly Reslricled income ILJnds Unr8slricled funds 13 14 50,618 178,740 12,028 98,763 229.358 110.791 The ftnand81 slalements were approv8d by th8 Trustees on 20th Augus12026 MSSJ Trustee
LOCKTON CHARITABLE ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flows from opèratlng actlvStles Cash 9en8raled from operations 18 125.242 39.311 Net cash generated from Investlng actlvltles Net cash generated from Iln?nclng actFvltles Ng1 Increase In ca¥h and cash equlvalents 125.242 39,311 Cash and cash equlvalents al beginning of year 112.441 73,130 Cash and cash equlvalents at end of yèar 237,683 112,441 10-
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Charlty Informatlon Locklon Charitable Association is a Charilable Incorporated Org8nls8tion 8nd domiciled in England. Wales and Scotland. The Charity is registered in England and W8les, Registered Charily number 1169204 and Scotland Regislered charity number SC048148. Th8 registered office is The St Botolph Building. 138 Houndsditch, London, EC3A 7AG. 1.1 Basls of preparatlon The financial slalemenls have been prepar8d in accordance wilh the chariltys goveinlng document, Ihe Ch8rilies Act 2011, the Ch8ri1ies 8nd Trustee Investment {Scolland) Act 2005, the Charities Accounts (Scotlandl Regulations 2006, FRS 102 'Th8 Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland. and Ihe Charities SORP Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable lo charities preparing Iheir account5 in accoril8nce with Ihe Financial Reporting Standard 8pplicable in the UK and Republic of Ireland IFRS 1021" The chaTily is a Public 8enefit Entity as d8fin8d by FRS 102. The financial statements are prepared in slerling. which Is the lunclional currency of Ihe charity. Monetary amounts in these financial slalements are rounded to the nearest £. The financial slalements have been prep8r8d under Ihe historical cost convention. The principal 8ccounling policies adopled are sel out below. 1.2 Golng concern At the lime ol approvlng th8 financial statements, the Truslees have a rea50n3ble expectation that the charily has adequate resources lo continue in operational existence lor th8 foreseeable future. Thus the Tnjslees continue to adopt Ihe goin9 concern basis ol accounting In prep8ring the financial statements. 1.3 Charltable funds Unreslricled funds arè avaSlab18 for u88 8t the dIsellOn ol the Trusteas In lurth8f8nce of Iheir charilable objectives. Restricted funds are subj8cI lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of Ihe restricted lunds are sel out In the noles lo Ihe firnancial slatemenls. Endowmenl funds 8re subject lo specific conditions by donors that th8 Gapilal rnust be mainlained by the charity. 1.4 Incom8 Income is recognised when Ihe charity is legally enlilled to it after 8ny perform8nce conditions have been met, the amounls can be rne8sured reliably, and il is probable Ihal income will be received. Cash donations are recognised on Teceipt. Olher donations are recogni8ed once the charity has been nolified of the donallon. unless performance condilions require d&f8rr81 ol the amount. Income lax recoverable In relation to don8lions received under Gift Aid or deeds of covenant is recognised at the lime of Ihe donallon. Legacies are recognlsed on receipt or otherwise il the ch8rlly has been notifie(S of an impending distribLJlion. Ihe amount 58 known, and receipt is expecled. If Ihe arnounl is not known. the legacy is treated as contingent asset. 11
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINLIED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles (Coh¢lnuedl 1.5 Expenditure Expendiluro is recognlsed once Ihere Is a legal or constructive obligalion lo Iransfer econom5¢ benefit lo a Ihlril parly. il Is probable that a transfer of economSc benefits will be required in selllemenl, and Ihe amount of the obligalion can be measured reliably. ExpÈndllurÈ Is classllled by acllvlly. The cosis of each acllvity are made up of Ihe lo181 of dlrect costs and shared costs, includlng support (x)sts Involved in undertaking each acllvity. Direct costs allribulable lo a slngle activity are allocated directly lo that actlvily. Shared c9515 whlch contribul8 lo more than on8 activlty and support costs which are nol allribulable lo a Single aclmty are apporlloned between those aclivilies on a bas18 consistènt with the use of resOurs. Cenlral staff c4)sls are allocated ihe basis of time spent, and d8precAalion charge8 are allocated on tho portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equNal8nts Include tash hand. dèposits h61d at call with banks, other short-18rm Ilquld Investments with original malurilies of Ihree monlhs or16ss. and bank overdraAs. Bank overdrdfts are shown wSlhln borrowlngs in current liabilities. 1.7 Flnanclal Instruments The charity has el8cled to apply thè provlsions of Sectron 11 'Baslc Fina81 Instrtsmènts, and Sèctlon 12 'Olher Financlal Instruments Issues, of FRS 102 to all of its finandal instruments. Fin8nci81 In51rvmenls are recognlsed in the charivs balance sheel whèn Ihè chailty becomes party lo the contractual provisions of the In8lrtJmenl. Financial assets and liabilities are offset, wilh thè nèt amounts presented in the Inancial slalemenls, when Iheie Is a legally enforceable right Io s81 off the recognised amounts and there Is an Intention lo satlle on a nel basts or io realis8 thè assel 8nd settle the li4bility simultaneously. B8slc flnanclal asséts Baslo financial assels. which include d8blors cash 8nd bank balances, are inilialty measured al Iran5acllon price including Iransaclion costs and are subsÈqu6ntly eArried at 8mortised cost using the effective interest method unless Ihe griangement constltutes a financing Iransaclion, wh6r6 the Iransacllon Is measured at the present value ol tha futur8 reeelpts discounted al a maTkel rale of Interest. Flnancial a55els dassified as receivable within one year ar8 not amortlsed. Boslc flnanclal Ilabllilies Basic financial liabilities. Includlng creclllors and bank loans are initi31ty recognlsÈd at Ir8ns8ctlon price unless the arrangemelll conslilules a fjnanoing liansacllon. where Ihe debl inslrument Is measurÈd 81 the presenl value of the future payments discounted al a mark6118t6 of Inler6st. Financial liabilities classlfied as payable wilhin one year are not amortised. Oebl inslruments are subsequ8nlly e2rrl8d at amortised cost. uslng the effect8 intsresl ral8 method. Trade credltors are obllgations io pay fol goods or s8C¢S Ihal have been aCquId Irs Ihe ordinary course of operations from suppliers. Amounts payable are classified 85 current liabilities il payment is due within one year or less. If nol, thèy are presented as non-currenl liabilities. Trade credilor$ arè iecognised initially at Iransaclion price and sub8equ8nlly measured at amorlised cosl L*sing Ihe effedive interest m8thod. Derecognltlon of Ilnanclol Ilabllllles FSn8ncial liabi1511es are dereeognlsed when the charily's conlraclval obllgalions explre or are discharged or cancelled. 12-
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Critical accountlng estlmates and ludggmenls In Ihè application of Ihe charity's accounting polSeies. the Truslees are required to make judgements, esllmales and assumptions aboul Ihe carrying amount of 855els and liabilities that are not ¥eadily apparent from other sources. The eslimales and as50clated assurnplions are based on historical experlenee and other f8clors Ihat are considered lo be relevant. Aclu81 results may differ from these eslimates. The eslimales and underlying assumptions are reviewed on an ongolng basls. R8visions lo accounting estimates are recognised in the period in which (he estimate Is revised wh8r8 the revision affects only that period. or In lh8 P8riod of the Tevision and future perlods wher8 the revision affects both current and future perSods. Income from charltable actlvltleB Unrestricted Restrlcted funds funds 2025 2025 Total Unr85trlcted Restricted funds fLtnds 2024 2024 Total 2025 2024 Donatlons and Legacles Performance relaled grants 110,957 146,335 257.292 90,108 259,664 349,772 Expendlture on ralslng funds Unre3trlcled Restrlcted funds funds 202S 2025 Total Unreslricted Restrlcted funds fund5 2024 2024 Total 2025 2024 Fundralslng and publlclty Governance cosls staging fundraising events Support costs 3,100 3.100 1,710 1,710 8.929 11.461 21,910 3,308 30,839 14,759 14,306 2,314 17,755 32,061 2,314 23,480 25.218 48,698 18,330 17,755 36.085 Exp8ndlture on charllable acllvltles Donallons 2025 Donatlons 2024 DSrect costs Grants 90.027 276,026 Analysls by fund Vnreslricled funds Restricted funds 7,500 82,527 30.883 245,143 90.027 276.026 13
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs allocated to acllvltles 202S 2024 Buslness insur8n¢8 Bank Fees IT Soffvmra and Consumables Printing & Stationery Staff Trainlng Accountancy Govemance costs 1,813 4,892 179 72 1,803 6,000 3,100 1.819 495 1,710 17,859 4,024 Analysèd bètweèn: Fundiai51ng 17.859 4.024 2025 2024 Gov8rt)ancè costs eomprlsa: Ac£ounlancy 3.100 1.710 3,100 1,710 Ntrt movemont In funds 2025 2024 The net movement In funds is slated after charglngllcr8dillngl.. Fees payable for the indepgndenl examln8tlon of Ihe charitys finaneiBI stal¢menls 1,500 1,710 Trustees Non8 ol tha Truslées lor any persons nnected wilh them) received any remunerallon or benefits from the charliy durlng thè yèar. Employees The average monthly number of 8n7ployees during thB year was: 2025 Numb#r 2024 Number Tolal There werè M employées whose annual remuneialion was rnore than £60,000. 14-
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Taxatlon The charity is exempt frtsm t8xalion on ils aclivities because all ils incomè Is appli8d for ch8Th18ble purposes. 11 Debtors 2025 2024 Amounts falllng du• wlthln ona year: Prep8ymenls and accrued inc4)me 805 12 Credltors: amounts falllng dut wllhln one year 2025 2024 Olher creditors 9.130 1.650 13 Reslrlcled funds The reslrfcted funds of the charity comprise the unexpended balances of donallons and grants held on trusl subj8ct lo specific conditions by donors as lo how they may b8 used. At 1 January 2025 Incomlng resources Resources expend8d Transf8rs At31 De¢ember 2025 Alzehelmers Soclety Unicef Big Pol 4- Ella's Together lor short lives Prostste Cancer 3.461 2,794 3,355 2.418 201 3,272 450 132,191 10,221 13.6621 16,0661 13,8051 193,8761 13361 40,733 9.885 12,028 146,335 1107,7451 50,618 15-
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENT8 (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 13 Restrlcted funds Iconllnuedl Prevlou8 year: At l January 2024 Incomlng r8sourcas Resources axponded Transfers At31 December 2024 Lloyds Community Programme GREAC Nomlnated Cause Big Pol 3 Alzehelmers Society Little Havens Hospice Unicef Big Pol 4 . Ella's Togelher for short Ilves 5,000 8,338 3,576 3,348 (5,000) 16,212 37 232,060 1,116 2,794 3,355 4.090 (24,5501 13,6131 {231,9471 11,1161 3,461 2,794 3,355 2,418 (1,672) 20.262 259.664 1262,8981 (5,000) 12.028 Lloyds Communlty Programm#: Lloyd's Communily Programme volunteers help lo bulld 51ronggr local communilles by supporting communTrty prolects, and provlding the young people we help wilh the key skills Io aGhleve Ihelr polenlial. The programme has a wide Tange of volunteer opportunllies ranging from on hour a week readlng In 8 local primary school. to an hour a month menlorfng a young person, or 8 day oul of the Offi taking part in a team chsllèngè. GREAC Nomlnated Cau3e- Funds belng ralsed from a slngle ¢harlly evenl Ihal Locklon Companles LLP GREAC Buslness Unlt have asked lo be r8slricled lo Alzheimer's Society. Big Pot 3.. Fundraiser lo feed 150 families for Chrlslmas 2023 by rai51ng enough luftds lo supply Christmas food bags al £45 each lo be dislllbuled Ihiough South London based Living Well charity. Alzhelmer's SoGlety.' Ch8Tity working toward3 a world where demenlia no longer devastates Ilves. Thls Is done by giving help lo those living wlh dementia today, and provlding hope for the future. Lllll¢ Havens Hosplce.. Provides specialist care and support foi babiès, child¥en 8nd young people living with compl8x or incurable condilions from Essex. OLsr care indudes everyone lo m8k8 sure Ihe righl support is there. where and when they need11. This care Is provided frea of oharge. Unlcef.. UNICEF stands lor The United Nations Childf8n's Fund, èstablished by the UN lrn 1946. Eruring every Ghlld here In the UK Bt)d worldwide is healthy, educated, and safe. everywhere. Blg Pol 4.. Ella's is a London-baged organisation working w¢lh women who have survived trafficking and sexual exploitalion. Fundralser to host a fèstiv6 children's party and Provide holiday food hamper8, maklng this season a little brighter for those who need il m051. Togèthér For Short Llvas.. UK'S leadlng chafily for Childrgn's Palllatlve CAre, m8klng sure thal children with Ilfe-llmillng and life-threatenlng conditions and their families can makg the mogl of èvéry moment they have logeiher, whether Ihal's foi y8ars. monlhs or only hours. ie-
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Unrestrlcted funds Th8 unre5tricled funds ol ihe charlty comprf58 the un8xpended balances of donalions and grants whSch arè not subject lo specific conditions by donors and grantors as lo how they may be used. These Includ8 designated funds whlch have been sel aside out of unrestricted funds by the Injstees for specific purposes. At 1 January 202S Ineomlng r850urces Resources expended Transfers At31 Dacember 2025 Together for Short Lives Alzh8imerfs Society General funds 13,328 13,455 71.980 13,328 13.455 151.957 110,957 130,9801 98,763 110,957 130.9801 178,740 Prevlous year: At 1 January 2024 Incomlng rèsources R850urces expended Transfers At31 December 2024 Together lor Short Lives Alzheimevs Soci8ty General funds 113,3281 113,4551 {22,4301 13.328 13.455 (21,7831 52.868 90,108 98.763 52.868 90,108 {49.2131 5.000 98,763 15 Analysls of net assets b8lweon funds Unrestrlcted funds 2025 R8strlct8d funds 2025 Total 202S Al 31 December 2025: Current 8s5elsllliabililies} 178,740 50.618 229.358 178.740 50,618 229,358 Unr•strlct•d funds 2024 R85trlcled funds 2024 Total 2024 At 31 December 2024: Current 8sselsllliabililiesl 98.763 12,028 110.791 98.763 12,028 110,791 17
LOCKTON CHARITABLE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Rèlatèd party transactlons The Charity operates wilh the support of Locklon Companles LLP who provides staff lime required Iri run thÉ Chailty on a c$8y lo day basis free of chafge and provides an annual donallon lo enable the Charity lo cover the cost of any other operallng expenses. 17 Llmltod Llabllily In accordance th the Charily Conslbtullon, In the event of a winding up of the Ch8rily Ihg m$mbars of the Charity have no liability to conlribul& lo Ils assèts and m personal responsibllity lor sellling Its debls and 18 Cash gonerated from operatlons 2025 2024 Surplus for th8 y8ar 118.567 37,661 Movements In worklng capital.. (Increase) in debtors Increase in cr8dilors (8051 7,480 1,650 Cash generated from 0ratIOnS 125,242 39,311 19 Analysls of changes In net funds The d)arSly had no material debt durlng the y88r. 18