THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
(Registered Charity no: 1172239)
ACCOUNTS
FOR THE YEAR ENDED
5 APRIL 2025

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
CONTENTS
Page
Reference and administrative information
Trustees annual report
Report of the auditors
10
Statement of financial activities for the year ended 5 April 2025
11
Balance sheet as at 5 April 2025
12
Cash flow statement for the year ended 5 April 2025
13-16
Notes to the financlal statements

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity Name
The Louis Nicholas Residuary Charitable Trust
Registered Charity no." 1172239
Goveming Instrument
Will of the late Louis Nicholas
Trustees
Mr J R M Simcox FCA
Mrs K A Konsta
MQSmye
Mrs F V Nomian
Principal Offi
35B Market Street
Hoylake
Wiffal
CH47 2BG
Adrninistration and Accountancy
Simeox & Co.
35B Market Streel
Hoylake
Wirral
CH47 2BG
Auditor
Riverside Accountancy Lancaster Limited
Suite 2. 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA13SU
Bankers
Handelsbanken
Liverpool Duke Street Branch
4th Floor
10 Duke Street
Liverpool
LA1 1RD
Website
Inrct.co.uk

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
TRUSTEES ANNUAL REPORT
Trustees. Annual Report for the year ondod 6 Aprll 2025
The trustees of the Louis Nicholas Residuary Charitable Trusl present tneir report and accounts
for the year ended 5 April 2025.The financial ststemenls have been prepared in accordance wilh
the accounting policies Sel out In the notes to the accounts ano comply witn the Chariws
governing document. the Charities Act 2011 and Accounting and Reporting by Charities-
Stalement of Recommended Practice applicable lo Charities preparing their accounls In
accordance with the Financial Reporting Slandard applicable In the UK and Republic of Ireland
published in Oclober 2019.
The Charily does not carry out tunaraising activities
Trustees
The trustees wno aC￿d throughout the year were a5 follows:
Mr J R M Simcox FCA
Mrs K A Konsta
MQSmye
Mrs F V Norman
Structure. Govemance and Managèment
The Charty Is an unincorporated trust. constiluled under the Will of the late Louis Nicholas
and Is a charity. number 1172239.
The number of trustees will be oetermine(I by the existing trustees The nature of the trusi
is that there Is selaom a need lo appoint any new Irusiees. New irustees, when required.
will be found by the existing trLJStees. When recruiting new Irustees, the trustees
look for individuals with skills and experience which are of value to the Charity. The
existing trustees will spend a significani time in providing background Information to the
new candidale and at the same lime make reference to the detailed guidance Drovided by
the Charity Commission.
The trustees met formally four times during Ine year lo consider applications and decide on grants
to worthy causes.
The day to day processing of aDplications and correspondence Is delegated lo Sirncox & Co.
from the principal office.
Thè Irusiees give their time freely. Details of trustees expenses are disclosed in note 9
to the accounts.
Risk Policy
The Irustees have examined the major strategic. operational and financial risks which the
Charity faces and are satisfied that systems have been established to mitigate exF)osure
lo Ihem.
Objectives and grant policy
The Charity nas general Charitable purposes set oul in lis trust tJeed. The trusiees ¢onfirm
Ihat they have complied with the duty in section 4 of the Charities Acl 2011 10 have due
regard to the public 9uidance published Dy the Charity Commission when reviewing Ihe
Charitys aims and objectives and settin9 the grant making policy.
The Charity's grant making policy Iwhich is sel oul in general guidelines for applicantsi
was as follows..

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
TRUSTEES ANNUAL REPORT (continued)
Guidelines for Grants
1 The Charity provides financial assistance to those organisalions with any general
charitable purposes within England and Wales.
2 Grants are awarded only to charitable organisations which have a proven track record of
successful and efficient use of reSoUr￿S in their operalion or. in the case of newer
organisations. convincing evidence of ability.
Objectives and grant policy
3 The Charity will consider grants to organisations of all size5. Grants vary in amount bul
generally fall within the range of £1,000 to £25,000. The total amount awarded varies
from year to year according to available funds. On occasions payments in excess of
£25.000 are made to support one-off projects.
4 In the current financial climate, commitments to make fulure paymenls are given only in
exceptional circumstances. with grants no￿nallY being one-off annual grants.
5 Exceptional Grants
The trustees do consider larger exceptional grants, but this Is unusual and generally
confined to charities that we know well. There is no separate grants programme for this.
and contenders will be identified from the normal grant round.
Review of activities
During the year ended 5 April 2025, a total of 199 grants were awarded totslling £1,090,000
compared with £1.104.9001199 grants) the previous year.
Examples of grants awarded during Ihe year are as follows:
a A donation of £5.000 to assist In the adaptalion of clothing for people with disabilities.
b A donalion of £10.000 iowards an organisation providing farming scholarships.
c A donation of £5.000 towards the promotion of safety in the home in deprived areas.
d A donation of £10.000 to assist In the electric conversion of a youth club's mini-bus.
e A donation of £5.000 towards the costs of training of dogs for people suffering with autism.
f A donation of £10.000 to assist a charity offering support to people suffering with epilepsy
g A donation of £5.000 to an organisalion supporting men who suffer domestic abuse.
h A donation 01 £4.000 to provide countryside experiences for inner city children.
Financial Position and Results of the year
All funds of the Charity are held as Unrestricted Funds During the year the nei
outgoing resour￿$ totalled £173.805 (2024 £196.357)).
The value of the investments at 5 April 2025 is shown in note 2 to the accounts.
The Trustees are satisfied with the perfomance of the charity's investments,

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
TRUSTEES ANNUAL REPORT (continued)
Investment Policy
The investments held within the trust are holdings in unquoted companies. As with all
unquoted Investments. the trustees are mindful of their values. However. they are
confident that the values shown are lair. They are also confident In the companies to
maintain the current level ot dividends Into the foreseeable future,
Reserves Policy
The Charity is a granl making charity and its income generating assets are therefore
held as investments and cash deposits. In any given year. a surplus or deficit on nei
resources will arise which will fluctuate from year to year. Any balance of income
carried forward into the nexi year is treated as income available for distribution
The trustees consider all income is available for distribution and do not anticipate
setting aside any funds for special projects. At 5 April 2025 the Charity held reserves
of £15,887,110 (2024 £15,927.915).
Plans for future periods
The trustees do not anticipate any significant changes to their current system for
awarding grants.
Statement of trustees. responsibi1Stles in relation to the financial statements
The trustees are responsible for preparing the Trustees, Report and the financial
statements in accordance with applicable law and United Kingdom Standards. The
law applicable to charities In England and Wales requires the trustees lo prepare
financial statements for each financial year which give a true and fair view of the slate
of affairs of the Charity and of the incoming resources and application ot resources of
the Charity for that period. In preparing these financial statements, the trustees are
required to:
select suitable accounting policies and apply them consistently.
observe the methods and principles of the Charities SORP..
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards have been followed. subjecl to any
departures disclosed and explained in the financial stalemen15; and
prepare the financial statements on the going concern basis unless it Is inappropriate
to presume thai th6 Charity will continue in business.
The irustees are responsible for keeping accounting records which disclose with
reasonable accuracy the financial position of the Charity an¢ enable Ihem to ascertain
to ensure that the financial statements Gomply wilh the Charities Act 2011, the Charity
IAccounts and Reports) Regulations 2008 and the provisions ol the trust deeo. The
are also responsible lor safeguarding the assets of the Charily and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities. The
trustees are responsible for the maintenance and integrity of the charity and financial
information Include¢J on the Charity's websile.

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
TRUSTEES ANNUAL REPORT (continued)
Declaration
I declare, in my capacity of charity trustee. that the trustees have approved the report
above and have authorised me to sign it on their behalf.
J R M Simcox, Trustee

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
INDEPENDENT AUDITOR'S REPORT
Opinion
We have audiled the financial ststements of the Louis Nicholas Residuary Charitable Trust (the
charity) for the year ended S April 2024 which comprise Statement of Financial Activities, Balance
Sheet. Cash Flow SLitement and notes to th& financial ststements. including significant accounting
policies. The financial reporting framework that has been applied in their preparation is apDlicable
law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practi￿).
In our opinion the financial statements=
give a true and fair view of the state of the charitls affairs as at 5 April 2024. and of its incoming
resources and application of resourGes. including its Income and expenditure. for the year the
ended:
have been properly prepared in accordance vnth United Kingdom Generally Accepted Accounting
Practice: and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for oplnion
We conducled our audit in accordan￿ with International Standaras on Auditing {UK} IISAS (UK)) and
applicable law. Our responsibilities under those standards are turther described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are inaependeni of
the charity in accordance with the ethical requirements thai are relevant to our audit of the financial
statements in the UK, induding the FRC'S Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these reouirements. We believe thai the audit eviden￿ we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial staternents. we have concluded that the trustees, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have nol identified any material Un￿rtaIntIeS relaling to
evenls or conditions that. individually or collectively. may casl significant doubt on the charIt￿S ability
to continue as a going concem for a period of at least Iwelve months frotn when the financial
slaternents are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are
described in the relevant sections of this report.
Other information
The other Information comprises the information included in the tru5tees' annual report. other than
the financial statements and our auditols report thereon. The trustees are responsible lor the other
Information containeo within the Snnual report. Our opinion on the financial staiements aoes not
cover the other information and, ex￿pt to the exient otherwise explicitly slaied in our report. we Oo
not express any fom of assurance conclusion thereon.

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
INDEPENDENT AUDITOR'S REPORT {continued)
Irregularities, including fraud, are instsnces of non-complian￿ with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to detect material misstatements in
respect of i￿egularl11e$, including fraud. The extent lo which our procedures are capable of detecting
irregularities, including fraud is detailed below:
The financial statements have been reviewed in conjunction with an FRS102 Charity checklist to
ensure the enttty is complying with the correct framework
Review of trustees minutes and review of nominal postings for legal and professional fees ensured
we identified any regulatory compliance issues and laws that the charity must follow in the year and
to the date of signing the financial statements.
The assessment of fraud was considered as low due to the segregation of duties seen. the low
levels of cash hantjled and the regular reporting required of the charity to its trusiees.
Dunng the audil we speak to management. tesi the systems and speak to vanous members of ihe
finance function to understand the entity rts processes and the nature of trade io assist in
determining if the financial statements are true and fair.
As part of an audit in accordance with ISAS (UKI, we exercise professional judgmeni and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error. design and pertomi audit procedures responsive to those risks. and obtain audit
eviden￿ that is sufficient and appropnate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than tor one resulting from error.
as fraud may involve collusion. forgery, intentional omissions. misreDresentations. or the override
of internal conlrol.
Obtain an understanding of intemal control relevant to the audit in order io design audit Drocedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the charity's internal control
Evaluate the sppropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the truslees.
Conclude on the appropriateness of the trustees. use of the going concem basis of accounting
and, based on the audit evidence obtained. whether a material un￿rtainlY exists related to evenls
or conditions that may cast significant doubt on the charity's ability to continue as a going concern.
If we conclude that a material uncertainly exists, we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or. if such disclosures are inadequate,
to modlfy our opinion. Our conclusions are based on the audit evidence oblained up to the dale of
our auditor's report. However. future events or conditions may cause the charity to cease to
continue as a going concern.
Evaluate Ihe overall presentation. structure and content of the financial staiements. including the
disclosures. and whether the financial siatements represent the underlying transactions and evenis
in a manner that achieves fair presentation (ie gives a true and fair viewl.
We communicate with those charged with governance regarding. among other matters. Ihe planned
scope and timing of the audit and significant audii findings. including any significant deficiencies in
intemal control that we identify during our audit.

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
INDEPENDENT AUDITOR'S REPORT (continued)
Othèr information
Our responsibility Is to read the other information and, in doing so. consider wnether the other
information is materially inconsisteni with the financial siaiements or our knowledge obtained in the
course of the audit or otherwise appears to be maierially missiaied. If we identify such material
inconsistencies or apparent matenal misstatements, we are required lo aetermine whether this gives
rise to a material misstatement in the financial statements themselves If. based on Ihe work we
have performed. we conclude that there is a material misstatement of this other informaiion. we are
required to report that fact.
We ttave nothing to report in this regard,
Matters on which we are required to report by ex¢eption
We have nothing to report in respe￿ of the following malter5 in relation to which the Charities
(Accounts and Reportsl Regulations 2008 require us to report to you if. in oui opinion..
the infomiation given in the financial statements is Inconsistent in any material respect with the
trustees report: or
the chanty has noi kept adequate accounting records: 01
the financial statements are not in agreement with the accounting records and reiurns. or
we have noi received all the infomation ana explanations we require for our audil.
Responslbllitles of trustees
As exDlained more fully in the trustees, responsibilities statement set out on page 4. the trustees are
responsible for the preparation of financial statements and for being satisfied thai they give a true
and fair view, and for such intemal control as the trustees determine is necessary to enable the
preparation of financial statement5 that are free from material misstatement. wnether aue to fraua or
error.
In preparing the financial statements, the trustees are responsible for assessing the charty's ability to
continue as a going Goncern. disclosing, as applicable. matters related to going COn￿M and using
the going concern basis of accounting unless the trustees either Inten¢ to liquidate the cnariiy or to
cease operations. or nave no realistic alternative but to 00 so
Auditor's responsbbilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Acl 2011 and report in
accordan￿ with regulations made under section 154 of triat Aci.
Our objectives are to obtain reasonaDle assuran￿ atyoul whelher the financial stsiements as a whole
are free from material misstaiemeni. whether due to fraud or error. and to Issue an audiior's report
thai includes our opinion. Reasonable assurance is a high level of assurance. but Is noi a guaraniee
that an audit conducted in accordance with ISAS IUKI will always deteci a maierial misstatement
when il exists. misstatemp.nts can arise from fraud or error and are constderea maierial it.
Individually or in Ihe aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial siatemenl5.

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
INDEPENDENT AUDITOR'S REPORT (continued>
Use of our report
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. Our audit work has been undertaken so that we
might state to the charity's trustees those matters we are required to state to them in an auditorfs
report and for no other purpose. To the fullesl extent penmitted by law. we do nol ac￿p1 or assume
responsibility to anyone other than the charity and the charitys trustees as a body, for our audil
work, for this report. or for the opinions we have formed.
Penelope Bowden
River51de Accountancy Lancaster Limited
Chartered Accountants and Statutory Auditors
Riverside Offices
Suite 2. 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA13SU
Dated.. /0 /0! /? tr7 )-

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED S APRIL 2025
Note
2025
2024
All funds held are unrestricted
Incoming resources
Invesiment income
Charitable activities
994,304
990.154
994,304
990,154
Resources expended
Charitable Activities
Granis made to institutions
Support costs
Governance costs
1.090.000
74.120
3.989
1. 104.900
77.635
3,976
1,168.109
1.186.511
Net (outgoing}lincoming resources
(173,805)
(196.357}
Gain in fair value of investment assets
133.000
332.459
Net movement in funds for the year
140.8051
136.102
Total funds brought forward
15.927,915
15,791,813
Total funds carried forward
15,887,110
15,927,915
10

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025
Note
2025
2024
All funds held are unrestricted
Fixed assets
Investments
15.410,756
15.277,756
Current assets
Cash at bank and in han(1
520.171
697.732
Current liabilities
Creditors= amounts falling due
within one year
43.817
47.573
Net current assets
476,354
650.159
Net assets
15,887.110
15,927.915
Represented by:
Unrestricted funds
15,887,110
15,927,915
15,887,110
15.927.915
Approved by the truslees on .
and signed on their behalf by.
J R M Simcox, Trustee
The notes on pages 13 to 16 form part of these accounts

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
CASH FLOW STATEMENT
FOR THE YEAR ENDED 5 APRIL 2025
2025
2024
Cash flows from operating activities:
Net movement in funds per Statement of Financial
Activities - Incorne and Expenditure Account
(173.805)
1196.357)
Adjustment for increase in creditors
3, 756
2,778
Net cash provided by operating activities
(177,561)
{193.579)
Cash outflow
1177.5611
1193,579)
Cash and cash equivalents Orought forward
697.732
891.311
Cash and cash equivalents carried forward
520.171
697,732
Analysis of cash and cash equivalents
Cash at bank and in hano
505.171
697.732
12

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
NOTES TO THE FINANCIAL STATEMENTS
Prlncipal accounting pollcies
a Basis of accountlng
These financial statements have been prepared under the historical cost
convention (as modified by the revaluation of investments at year end values)
in accordance with the Charities Acts. the Statemenl of Recotnmended
Practice 2019.. FRS102 and other applicable accounting standards. The charity
is a public benefit entity. The accounts are prepared in sterling. which Is
the functional currency of the Charity. Monetary amount in these financial
statements are rounded to the nea￿st £.
b Fund accountlng
All funds held within the Charity are unreslricted and are for the use at the
discretion of Ihe trustees in fUtheran￿ of the general charitable objectives.
Investments
Inveslments are slated at a fair market value as calculated by the Irustees
al the balance sheet date. All gains and losses. on these fair values are taken
to the Statement of Financial Activilies as they arise.
d Grants
Donations are charged to the Statement of Financial Activities in the year when
the donation is confirmed by the trustees.
e Support costs
These relate to support the grant making actlvities of the Charity.
f Governance costs
Governance costs comprise all costs involving the public accountability of the
charity and its compliance with regulation and good practice. These costs
include costs related to statutory audit and legal fees.
g Golng concern
At the time of approving the accounts. the Trustees have a reasonable expectation
that the Charity has adequale resources to continue in operational existence for Ihe
foreseeable future. Thus the Trustees continue to adopt the going concem basis
of accounting in preparing the accounts.
h Financial instruments
The Charity has elecied to apply the provisions of Section 11 'Basic Financial
Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 10 all
of its financial instruments. Financial instruments are recognised in the charit￿s
balance sheet when the Charity becomes a party to the contractual provisions of the
inslrument. Financial assets and liabilities are offset. with the nei amounts presented
in the financial statements, when there is a legally enforceable right lo sel off the
recognised amounts and there is an intention lo seltle on a net basis or to realise the
asset and settle the liability simultaneously
13

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
NOTES TO THE FINANCIAL STATEMENTS (continued)
h Financial instruments cont.
8asic fjnancial assets
Basic financial assets. which incluoe debtors and cash and t)ank balan￿$, are
initially measured at transaction Drice including transaction costs and are
subsequently carried at amortised cost using the effective Interest method unless the
arrangement constitutes a financing transaction. where the transaction Is measured
at the present value of the future feceipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are noi amortised
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at
transaction price unle55 the arrangement constilutes a financing transaction_ where
the debt instrument is measured al the present value of the future payments
discounted al a market rate of interesl. Financial liaDiliiies classified as payable within
one year are not amortised.
Debi instruments are subsequently carried al amortlsed cDsl. using the effective
inlerest rate method. Tr2de creditors are obligations to pay for gooos or services that
have been acquired In Ihe ordinary course of ODerations from suppliers. Amounis
Dayable are classified as curreni liabilities rf payment Is due within one year or less 11
not. they are presented 8s non-current liabilities. frade creditors are recognisecl
initially at transaction price and subsequently measure at amortised cosl using tne
effective interesl method.
i Judgements and key sources of estimation uncertainty
In the application ol the Charity's accounting policies. the trustee5 are requireu to
make ju(igements. estimated ana assumptions about the carrying amouni of asseis
and liabilities Ihat are not readily apparent from other sources The estimates and
associated assumptions are Daseo on historical experien￿ and other factors Ihai
are considered to be relevant. Actual results may drffer from these estimaies.
The esiimates and un¢Jerlying assumptions are reviewed on an ongoing basis
Revisions to accounting estimates are recognised in Ihe period in which the estimate
is reviseo where the revision affects only that period. or in the period of the revision
and future periods where the revision affects both current and future periods.
Key sources of estimated uncèrtainty
The estimates ¢Jn(J assumptions which have a 51gnificant nsk ot causing a material
aojusiment to the carrying amoLEnt of assets and liaDililies are as follows..
Fair value of Investments
The charily's trustees aetermine the fair value of the Investments.. as tnese are
unlisted investments there is no market rA)mparison available. however the
rAlculate future valuation of the inveslmpnt baseo on the reivrn from tnese
invesiments using 3 historic dividend yield of 6.4ts/0.
Flxed Asset Investments
The lair value ol Ihe fixed asset investmenis held by the Charily is performed on Ine
Dasis of a historic dividend yiei¢J model u51ng an expected yield of 6 d0*¢ The
trusiees consider this io be an appropriate rate lo use on Ihe basis ot returns tnai
migni tse expected from similar invesiments In unquoiea traoing companies.
14

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
NOTES TO THE FINANCIAL STATEMENTS (continued)
k Incomlng Resources
Investment Income - Interest and other investment income Is recorded in the
Staiement of Financial Activities when received by the Charity.
2025
2024
Investment assets
UK unquoted investments
At fair value as per trustees valuation
15,410.756
14.945.297
Fair value al 5 April 2025 {2024)
Fair value at 5 April 2024 (2023)
15 410.756
15.277,756
15.277.756
14.945.297
Increase In fair value
133.000
332,459
Investment income
UK unquoted investments
Other income
986.287
8,017
977.775
12,379
994,304
990.154
Charftable activities
Donations not presented
Creditors: amounts falllng due within one year
Accruals
43,817
47 573
Support costs
Fees charged by Simcox & Co. in the accounts for the year were £73.876
(2024 £77.635) inclusive of VAT and disbursements.
Governance costs
Bank charges for the year amounted to £155 (2024 £142)
Trustees expenses for the year amounted to £244 paid to two trustees in the year.
(2024 £NIL).
These related to travelling expenses
Audit fees of £3.834 were charged during the year In respect of the year ended 5 April 2024
(2024 £3.834)
15

THE LOUIS NICHOLAS RESIDUARY CHARITABLE TRUST
ACCOUNTS
NOTES TO THE FINANCIAL STATEMENTS (continued)
8 Donations
The Iruslees maoe donations dunng the Year EO instiiutions in the tollowng soctors of socieiy..
Animal Welfare
Children and Youth
Education and Training
Environmenl
Ex Service Support
Family Support
ièalth and Hospilals
The Arts
Religious Aid
2025
2024
24.000
239.000
49.000
32.000
20.000
503.000
179.0(
14 000
30,000
36.500
220.000
34.000
28.000
38.000
470.500
244.500
10.400
23.000
1.090.000
1.104.900
9 Employees
The Charity did noi have any employees during the year (2024 nil)
No trustees received remuneration or employment benefits from the Charity.
10 Rolated Party Transactlons
Dunng the year tees were charged by Simcox & Co.. a firm in which J R M Simcox. a Irusiee
is principal. amounting lo £73.876 12024 £77.635} Inclu&ve of VAT and disbursements for
tne provision of administrative and other support services. Al the year end an amounl of
£43.81712024 £47_5731 was includeo within Creditors.
In 2019. Mr M O Smye was appoIn￿d a ljireclor of all four wmpanies In wh￿h the charity ha5
invesiments.
Dunng 2024 there were no olher ￿lated pany donations made (2024: nonei.
11 Commitmont to future donations
The trust has not coffim￿ed lo any donations In the 12 months after 5 April 2025
12023- £10.0001.
12 Conlrol Relationships
The charity Is ¢ontrolled by the Iru51ees.
16