Charity regislr8tion numbèr.. 1191897
Company registration n￿mber.. 12436438
The Jean Lanning Foundation
{Llmlted by Guarantee wlthout havlng a share capital
Annual Report and Financial Statements
Year Ended 31 January 2024

The Jean Lanning Foundation
Annual Report and Financial Statements- Year Ended 31 January 2024
Contents
Page
Charity Refe￿nce and Administrative Details
Trustees. Annual Report {In¢luding Directors. Report)
Independent Audito¢s Report
statement of Financial Aclivrtl8S
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
9-13

The Jean Lanning Foundation
Charity Rèference and Adminlstrdlive Detalls - Year Ended 31 January 2024
Charity rggistratlon numbor
1191897
Company regl8tratlon number
12436438
Tru8ts08
L Janaway
C Kisko
C Bailey
Regl8torod offl
One Barthok)m8w Closè
London
EC1A78L
Audltor
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-solenl
Hampshire
P013 9NU
Sollcltor
8DB Pilmans
One BartI￿lOMaW Close
London
EC1A 7BL
Page 1 of 13

The Jean Lanning Foundation
Trustees, Annual Report Ilncluding Dlrectors Report) - Year Ended 31 January 2024
The Tnjstees present their report and the audrted financial ststements of the charity for the year ended 31
January 2024. The trustees have adopted tt)e provisions ofthe Ststement of ReC0mr￿nded Practi￿ ISORPI
°Accounting and Reporting by Chartbes. in preparing the annual report and finanaal statements of the charity.
Trustees of the charity
The directors of the charitable company are its trustees forthe purposes of charity law. The tnjstees who have
served during the year and since the year end were as follcms:
L Janaway
C Kisko
C Bailey
ObJe¢tlvos and actlvltt
The purposes of the foundab.on are", the advancement of health for public benefit by supporb'ng the Romsey
Hospital and such other hospitals a$ operated by the Southem Health NHS FoLtndalion Trust and the
advancement and promotron of knowledge and education for the public benefrt of all asp8Cts of healthcare.
The foundation is aimed at providing financpl assistan￿ to fund items and services not required to be provided
by slatulory authorities and medical research.
Publlc benefft staloment
The charity aims lo assist the advancement of healthcare for public benefit. The trustees have had regard lo
the Charity Commission guldance.
Structure, govamance and manag8ment
The Jean Lanning Foundation was constituted as company limited by guarantee, on 31 January 2020. The
power lo appoint new or addrtional Iru$lees is vested in the trustees. The number of trustees shall not be less
than three persons and shall not be greater than five Fersons at any one time. Apart trom the fi'rst three Iruslees
all trustees serve a three year term and upon rets.ring are eligible for reappointrnent. Liabilities of th8 directors
is reslricled lo £1 each.
Tru8ts08' rospon8lbllltle•
The Trustees (who are also Dir•¢lors of The Je8n Lanning FOUndat￿n for the purposes of Company lawl are
responsible for preparing the Trustees, Annual Report and the financial stslements in accordance with
applicable 18w and United Kingdom Accounb'ng Stsndards (United Kingdom Generally Accepted Accounb'ng
Praclicel.
Company law r•quirg8 thè Tru8t¢ots to prepare financial statements for each flnanclai year, whlch give a true
and fair view of the slate of affairs of the charitsble group and of the incoming resources and application of
resources, including the income and expenditure. of the charitable group for that Fenod. In prepanng these
financial statements, the Trustees are required to..
select suitable accounb'ng Fdicies and then apply them consistenly..
observe the methods and principles in the Chanlies SORP 2019 (FRS 1021..
make jLtdgemgnls and estimates that are reasonable and prudent,.
prepare the financial stslemenls on the going concern basis unless rt is inappropriate to presume that
the Company will ￿ntinUe in operation.
The Trustees are responsibfe for keeping proper ac¢ounts'ng records which disclose wrth reasonable accuracy
at any lime the finan￿al px)sition of the Charitable Company and the group and enable them to ensure that the
fin8nckg1 ststemenls comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the Charitable Company and the group and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularitses.
Page 2of 13

The Joan Lannlng Foundatlon
Trustees, Annual Report {Indudlng Dlreetors Report) - Year Ended 31 January 2024
Dlsclosurn of Infwmth lo th• audlto
We, the dlrectors of the c>)mpany hdd offi(* at the date of wroval of th8S8 Financvdl Statements as s8t
out above each confimi. so far as we are aware, thaL'
thero is M relevant a￿art inf0m￿tIL￿ ofwhich the (y)mpanY8 audkns are unawaro.. and
ws have tsken all the 8tep8 th8t we t)ught to have taken 88 dlreclors In order to make ours8lv88 aware of
any rdgvant 8udlt InfOrMa￿On and to estst4lsh that the company's audit￿$ are aware of that Infomiatlon.
In approvirKJ the Truste8s' Annual Repor( in our capodty as ￿mpanY
behalf of tho board
Lee Janaway, Tru818è
Datsd 271</1<
Pag83 of 13

The Jean Lanning Foundation
Independent Auditorfs Report to the Trustees of the Jean Lanning Foundation
Year Endod 31 January 2024
Opinion
We have audited Ihe financBI statements of The Jean Lanning Foundatson for the year ended 31 January
2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Statement and
th8 related notes lo the financial statements. including a summary of significant accounting policEs The
financial reporb'ng fratrEwork that has been applied in their p￿paratiOn is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Sland8rd
applicable in the UK and Republic of Ireland (United Kingdom Generally Aecepled Accounting Practice).
Uso of thls r•port
This report is made solely to Ihe ¢haritable company's truslees. as a body, in accordance wf(h Part 4 of the
Chariti8s {accounls and Reports) Regulations 2008. Our audtl work has been undertaken so that we might
stale lo the charitable company's members those matters we are required to stale lo them in an auditor's
report and ft)r no other purpose. To the lullesl extent permitted by law, we do not accept or assume
responsibility to anyone other than the charitsbk company and the charitable company's trustees as a body
or our audit work, for this reFQrt, or for the opinions we have formed.
In our opinion the financial statements..
give a true and fair view of the slate of the company's affairs as al 31 January 2024. and of il's incoming
resources and application of re￿￿r￿, including its income and expendrture. for the year then ended,.
have been property prepared in aco)rdance with Unrted Kingdom Generally Accepted Accounting
Practice., and
have been prepared in xcordance with the requirements of the Companies Act 2008
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Audrting IUKI {ISAs IUKII and
applicable law. Our responsibilities under those standards are furtherdescribed in the Auditor's responsibilities
for tho audit of the financial slatemenl$ section of OUT report. We are independent of the group and parent
charitable company in accordance with the ethical requifements that are relevant lo our audit of the financial
statement5 in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance wrth these requirements. We believe that Ihe audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Con¢lu•lon$ rnlatlng to golng concam
In auditing the financial statements, we have concluded that the truste8s' use of the going concern basis of
accounting in the preparab.on of the financial statements is appropriate. 8ased on the Work we have
performed. we have not identified any material uncertainties relating to Èvènts or conditions that, individuglly
or collective￿, may cast significant doubt on the charitable ¢ompany's ability to continue as a going con¢6m
for a period of at least ￿1ve Tr￿nthS from when the financial statements are aulhorised for issue. Our
responsibilrties and the responsibilities of the trustees wth respect to going con¢?m are described in the
relevant sections of this reFKJrt
Other Snfomiatlon
The trustees are wponsible for the other infomiation. The other inf0m￿tIOn comprises the infomialion
included in the Iruslees, annual report. other than the financial slalements and our auditor's report Ihereon.
Our opinion on the financial statements does not cover the other inf0m￿tIOn and, except to the extent
otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. In
connection wth our audft of the financ￿1 statements, our responsibilty is lo read the other information and, in
doing so, consider whether the other infomiats'on is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identtfy su¢h material
inconsistencies or apparent material misstatements, we are required to detemine whether there is a material
misstatement in the financial 5taterrents or a material misstatement of the other information. If, based on the
work we have perfoffl￿d, we ¢J)nclude that there is a material misststemenl of this other information, we are
requi￿ d to ￿pOrt that fact
We have nothing to report in this regard.
Page4of 13

The Jean Lanning Foundation
Independent Auditor's Report to the Trustees of the Jean Lanning Foundation
Year Ended 31 January 2024
Matter8 on whlch wo are required to report by &x¢opllon
We have nothing lo reF)Ort in respect of the following matters in relats.on lo wh￿h the Charl￿S lat￿untS and
Reports) Regulations 2008 require us to reP￿t to you if. in our opinion..
the information gfven in the finanual statements is inconsistent in any material respect with the Irusl&es'
report., or
the charitable company has r￿1 kept adequate accounting records., or
the financial ststemenls are not in agreement with the accounting records and retums.. or
we have not received all the inforrnalion and explanations we require for our audit.
Respon8lbllttie8 of truste
As explained more fulty in the trv$tees' responsibililies ststement set out on page 2, the trustees (who are also
thè directors of the charitable company for the purposes of company lawl are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal
control as the Iruslees detennine is necessary to enable the preparation of financial ststemenls that are free
from material misstslement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsib￿ for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using
the going concern basis of accounting unless the Iruslees either intend lo liquidate the group or the parent
charitable company or to ￿ase operations, or have no realistic atternalive but lo do so.
Audltor's r08pon¥lbllltlè¥ for Ihe *udtt of th• flnanclal 8tstem•nts
We have been appointed a$ audrtor under section 144 of the charities Act 2011 and report in accordance with
regulations made LtndeT sect￿n 154 of that Act.
Our objectives are to obtain ￿asOnable assuran¢￿ about whether the financial statements as a whole are free
from material misstslement, whether due to fraud or erTor. and lo issue an auditorfs report that includes our
opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in
accordance wrth ISAS IUKI will a￿ayS delect a material misstslement whèn il exists. Misstatements can arise
from fraud or error and are considered matenal rf, Individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of usefs taken on the basis of these financial statements.
Irregularities. including fraud, are instances of non-complkgnce with laws and regulations. We design
pr¢)cedures in line with our responsibilities, outlined ab)ve, to detect matenal misstalemenls in respect of
irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities,
Including fraud is detsiled below..
8ecause of the inherent limitation$ ol an audit. there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that coMpl￿nce with a law or regulalNJn is removed trom the events and transactions
flecled in the financial statements, as we will be less likety to become awa￿ of instances of non-compliance.
The risk is also greater regardino irregulant￿$ r￿UMn9 due to fraud r4ther than •rror. as fraud involves
intentional concealment. forgery, collus￿n, omission or misrepresentslion. As we are able to review all
transactions in the year, il is fe￿ our Char￿ of detection is increased.
A further description of our reswnsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. vhvw.frc.org.uklaudil0r￿aUdrt-a$Suranee1audlt0r-s-responsIbllres-for-the-
audit-of-the-fildescripts.0n￿-the-audlt0r-res￿nsibilities-fOr. This description foms part of our audrtorfs report.
We communicate with those charged with goveman¢e regarding, an￿ng other matters, the planned scope
and liming of the audit and signrftant audrt findings, including any signifi¢ant defi¢iencies in internal control
that we identi
uring our audit.
Joanne
ochrane Bsc FCA (Senior StatLrtory Audrtor). Date 71 &12 *
For and on behaK of Cochrane & Co Accountants Limited, Accountants and Statutory Auditors
38 Kings Road
Lee-on-the-solent
P013 9NU
Page S of 13

The Jean Lanning Foundation
ststement of Financial Activlties
Year Ended 31 January 2024
2024
2024
2023
UnrBStrfctsd
funds
Total
Total
Incorne and endowm•nts from:
Donations and legacies
Charitable actlvities
Other trading a¢livits"es
Interest receivable
Other
133.523
133.523
3,020,443
69,841
69,841
Total In¢ome and ondowmonts
203.364
203,364
3,020,443
Expendlturè on:
Raising funds
Charitable activili8S
Other
16.817
16,817
14,147
Total expondlturo
16.817
16,817
14,147
Net gainsl {bssesi on lnveslff￿nts
Nol Incom• I lexpendltur•)
186,547
186,547
3,006,269
Tran•fgr• betwo•n fund•
Other r8cognl8ed galn81 {losg881:
Gains I Ilossesl on revaluation of fixed assets
Remeasuremenl gain l {loss) on defined
benefit pension plan
Other gains I IIOs8esl
Net movement In fund•
186.547
186,547
3,006.269
Reconcillatlon of funds:
Totsl funds brought forward
2,993,692
2.993,692
12,577
Total funds carried forward
3,180,239
3,180,239
2,993,692
All income and expenditure derive from c¢)ntinuing activities.
Page 6 of 13

The Jean Lanning Foundation
Balancg Sheet- Year Ended 31 January 2024
2024
2023
Flxod a88•1•
IntsngitrAe assets
Tanglble assets
Heritage assets
Invesknents
Curr•nt a8••ts
St(xks
Debtor8
Investm￿ts
C88h at bank and In h8nd
56,246
896
3.127,899
2,997,950
3.184,145
2.998,846
Crndltorn: amounts tslllng du• wfthln •n• yw
3.906
5.154
N•t ¢urr•nt a•••ts I Ill•bMlll•8)
3,180,239
2,993,692
Total a•••ts IM• eurr•nt Ilabllhl
3,180,239
2,993,892
Cr•dltor•: •mounts tslllng du• aft•r mor• than on•
Provl•lon• lor Ilabllltl••
Not •M•t• I Illabllltl••) •xdudlNJ p•n•lon IlabHIty
3,180,239
2,993,692
Dofined b•n•fft p•n¥lon Ilablllty
N•1 oM•ts I Illablllll••)
3,180,239
2,993,692
Ch•rlty Fund•
Endowment fund8
Pemanent endowment
Expendabla endowmènt
Reslrfcted frJnd¥
Unresirlcted lun06
Revaluation rasorvo
3.180.239
2,993,692
Total charlty lund• l (d•ficlt)
3.180.239
2,993,692
The financlal slatements were 8pwov&I and 8ul1wxl￿ tr tssue by tha Board on
on beh*l of the board oftrustees
ne
Lee Jan
ay, Trustee
The notes on pages 9 to 13 fom) part ofthes8 finarthl *atenxnt*
Company regi8tTation number.. 1246438
Page7 of 13

The Jean Lanning Foundation
Statemenl of Cash Flows - Year Ended 31 January 2024
2024
2023
Cash Ilow from operating activities
116,182
2,997,950
Interest paid
Nat ¢ash flow from operatlng actlvltle•
116,182
2,997,950
Cash flow from Inv•8ting actlvltles
Payments to acquire intangible fixed assets
Receipts from sales of intsngible fixed assets
Payments to acquire tangible fixed assets
Receipts from sales of tangible fixed assets
Payments lo acquire investments
Receipts from sales of investments
Interest received
Dividends received
Rents received from investnRnt properties
13.767
Not ¢a•h flow from Inve8tlng a¢tlvttle•
13,767
Co8h flow Irom flnanclng •dfvltles
Receipts from issue of new long term loans
Repayment of long temi loans
Repayment of finance lease liabilrties
Interest paid
Receipt of permanent l expendable endowment
Net ¢a8h flow from flnanclng a¢livrt6es
Net increase I Id￿rna80) In ¢￿h and cash equlvalents
129,949
2,997,950
Cash and ¢a8h equfvalgnt• at start d•t• 01 Febru•ry 2023
2.997,950
¢•8h •nd ca6th equlvalents at •nd date 31 January 2024
3.127,899
2,997,950
Cash and cash equlvalents con•hts of:
Cash al bank and in hand
Short term deposits
3,127,899
2,997,950
Cash and cash equlvalents at end date 31 January 2024
3,127,899
2,997,950
Page 8 of 13

The Jean Lanning Foundation
Notes to the Financlal Statements - Year Ended 31 January 2024
Summary of slgnlflcant accountlng pollcles
la) Gfrneral information and bas15 of preparatlon
The Jean Lanning Foundation is a constltuted as a limrted company in England. The address of the
registered office is given in the charty infomwtion on page 1 of these financk21 stalemenls. The nature of
the charity's operations and principal ath'vities a￿ the advancetrenl of health for publi¢ t)enefiL
The charity constitutes a public benefrt entty as defined by FRS 102. The financial slalemenls have been
prepared in accordan￿ with 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 issued in Oelober 2019, the Financkil Reporting Stsndard
applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011 and UK
Generally Accepted Ac¢ounts'ng Pract￿.
The financial stalem&nts are prepared on a going concem basis under the historical ¢ost convention,
modified to include certain items at fair value. The financial statements are presented in sterling which is
the functional currency of the charity and rounded to the nea￿51 £000.
The signifi'cant accounb'ng policles applied in the preparatv)n of these financial statements are set out below.
These poliC￿S have been consislentty applied to all years presented unless otherwise staled.
{b) Fund8
Unrestricted funds are avallable for use at the discrets'on of the trustees in furtherance of the general
objecb'ves of the charty and which have rtrot been designated for other purposes.
Icl Income rncognftlon
All incomlng resourc88 are included in the Statement of Financial Athities ISOFAI when the charity is
legally entitled lo the income after any performar*ce condttsons have been mel, the amount can be measured
reliably and it is probable that the income will be receNed.
For donations lo be re¢ognised the charrty will have been notified of the arnunts and the settlèment dale
in writing. If there are ¢ondits'ons attached to the donation and this requires a level of perfomance before
entitlement can be obtained then income is deferred unb"I those condrtions are fully met or the fulfilment of
those Conditions ￿ within the control of the charity and rt is probable that they will be fvlfilled.
For legacies, entsllement is the earlier of th& charity teing notffied of an impending distribution or the legacy
teing recelved. At this point Income is recognised. On 0(￿a$Kin legacies will be notified lo the charity
however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy
is treated as a contingent asset and disclosed.
Investmenl income is eamed through holding a￿ts for investment purposes such as shares and property,
It includes dividends, interest and rent. ￿There rt is not pracb'cable to idenb'fy investment management costs
incurred within a scheme with reasonable accuracy the investmènt income is reported nel of these costs. It
is included when the amount can be measured ￿Ik￿bly. Interest income is recognised using the effective
interest method and divhlend and rent Inco￿￿ rs recognised as the charity's right to receNe paymenl is
established.
(d) Expendltur• r•¢ognltlon
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related lo the category. Expenditure is recogni5ed where there is a legal or constructive obligation
lo make payrnents to third parties, it is probable that the settlement will be required and the amount of the
obligation can be measured relkably. It is categorised under the following headings".
Page 9 of 13

The Jean Lanning Foundation
Notes to the Financial Statements - Year Ended 31 January 2024
Costs of raising fvnds -
Expenditure on charitable activities", and
Other expenditsjre represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activrty for which expenditur8 arose.
Grants payable to third parties are within the charitable objectwes. ￿ere unconditional grants a￿ offered,
this is a¢¢Tued as soon as the recipient is notified of the grant as this gives rise to a reasonable expectation
that the recipient will receive the grants. ￿ere grants afe condrtional relating lo perforrnance then Ihe grant
is onty accrued when any unfulfilled conditions a￿ outside of the control of the charity.
(el Support costs allocallon
Support costs are those that assist the work of the charity bul do not direcuy represenl Charitable acb'vities
and include office cK)sls, govemance costs, administrative payroll costs. They are incurred directly in support
of expenditure on the objects of the charity and include project management carried out al Headquarters.
Where support costs cannot be directty attn'buted lo part￿￿lar headings they have been allocated lo cost of
raising funds and expenditure on chaTrtable ath"vibes on a basis conststent with use of the resources.
Fund-raising costs are those incurred in Seeking voluntary conlributN?ns and do not include the costs of
disseminating information in support of the charrtable activities.
(fj Debtors and ¢r¢dftorn recofvable I payable wlthln ono year
Debtors and creditors with no slated interest rate and r￿e1Vable or payable within one year are recorded
al transaction pr￿. Any bsses arising from impairment are recognised in expendrture.
Igl Provlslons
Provisions are recognised when the ¢harty has an obligation at the balance sheet date as a result of a past
event, it is probable that an ouffiow of economic benefits will be required in settlement and the amount can
be reliably estimated.
Ihl Tax
The Charity Is an exempt chanty within the meaning of sthedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets
the definttion of a charitable company for UK corF#)ration tax purposes.
111 Golng conc•m
The financial statements have been p￿Pared on a going concem basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level of
income and expenditu￿ for 12 rrN)nths from aulhorising these financial stalements. The budgeted incorne
and expenditure is sufficient wrth the level of reserves for the charity lo be able to continue a$ a going
concern.
Page 10 of 13

The Jean Lanning Foundation
Noles to thè Financial Statements - Yaar Ended 31 January 2024
U) Judgements and key sources of estimation uncertainty
No significant judgements have been nyade in the process of applylng the above accounting policies.
Income from doTratlon$ and l•gacle8
2024
2023
Donations
Legacies
20,443
3,000.000
133.523
Grants
Donated servlces
Donated goods for di$tribLrtton to beneficiaries
Other
133,523
3 020 443
Income from donats'ons and legwes is all attn'butable to unrestricted funds.
Govemance ¢08ts
2024
2023
Trustee insurance
Trustee expenses
Consultancy
Accountant's and Auditorfs remuneration
Legal fees
Support costs
Other
147
1,503
5,400
3,906
5,848
3,600
10,424
13
150
16,817
AudltoV8 romuneratlon
The auditorfs remuneration amounts to an audit fee of £3.9C6 (2023 £3.6001.
Tru8t8e8' and key managom•nt personnel remunoratlon and expen$o8
The trustees ￿1MbUrSed expenses during the year were £1.50312023 - £0}.
Page11 of 13

The Jean Lanning Foundation
Notes to the Financlal Statements - Year Ended 31 January 2024
Debtors
2024
2023
Trade debtors
Amounts owed by group undertakings
Amounts owed by undertakings in which the charity has a participating
interest
Gross amounts due from customers for contr* work
Other debtors
Derivative financial instruments
Prep3Yrr￿1S and accrued inco
Concessionary loans receivable
172
896
56,074
56.246
896
Credltorn: amounts falllng dua wlthin ono year
2024
2023
Bank loans and overdrafts
Trade creditors
Payments on account for contracts or ￿r￿)rManCe related contracts
Amounts owed lo group undertakings
Amounts owed to undertakings in wh￿h the charity has a participating
interest
Other tax and social wurity
Finance leases
Other creditors
Derivative financial instruments
Accruals for grants payabl8
Accruals and deferred incom8
Concessionary loans payable
3.906
5.154
3,906
5,154
Fund r•conelllatlon
Unre8trf¢tod fund8
In¢ome
ex￿nd1￿￿
Tr4n8f•r•
Galn$l
1108sesl
at 2023
Balance at
2024
UnreslTiCted 2,993,692
203,264
16.817
3,180.139
Page 12 of 13

The Jean Lanning Foundation
Notes to the Financial Statements - Year Ended 31 January 2024
Reconciliatlon of net In¢ome l {expendhure) to net ¢ash flow from operating actlvttle8
2024
2023
Net income I lexpenditurel for year
186,547
3,006.269
Dividends received
Rents received from investrrent properb.es
Interest receivable
Interest payable
Depreciation and impairment of tangible fixed assets
Amortisalion and impaimienl of Intangible fixed assets
(Gains) I losses on Investments
{Profit) I loss on disposal of tangible fixed assets
(Profit} I loss on disposal of fixed asset investments
Receipt of endowment
Poslomployment benefits less paym8nts
Provisions less payments
Ilncreasel I decrease in slock
(Increase) I decrease in debtors
Increase l {decreasel in credrtors
{69.841)
724
..(1,248)_
794
9,113
Net C8sh fiow Irom operating activities
116,182
2,997,950
10 R•lated party transactlon•
There are no related paty transactions during the peri¢xl {2023.' £0}.
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