Char5ty number., 1193157
LORDS GROUP FOUNDATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

LORDS GROUP FOUNDATION '
CONTENTS
Page
Refèrence and admlnlstratlve details of the Foundatlon. Its Trustees and advl$er$
Trustees. report
Statemènt of flnancl81 actlvllles
Balance sheet
Notes to the flnan¢lal statements
8-14

LORDS GROUP FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE FOUNDATION, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
S B Patel, Chsli
C M Day Iresigned 17 May 20241
R Dewan
J K Harris Iresigned 12 July 20241
A Prince lappoinled 10 April 20241
A Lowndes (appointed 2 January 20251
Charity reglstered
number
1193157
Prln¢lpal office
12-15 Hanger Green
London
W5 3EL
Accountants
Adler Shlne LLP
Chartered Accounlanls
Aston Hous8
Cornwall 8venue
London
N3 ILF
Page 1

LORDS GROUP FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The irustees Present their annual report together with the financial slalemtrnls of th8 Lords Gioup Foundation
Ilhe CIO) ftsr lh& financial year 1 January 2C124 10 31 December 2024.
Oblactives and acllvltles
a. Pollclès and oblectlves
The objects ol Ihe CIO are lo furlher 5u¢h purposes which may be charitable OCCOfding lo Ihe law ol England
and Wales as Ihe Iruslees see fil.
The CIO'S slated aims are lo build 51ionger communities wilhin Ihg UK by supporting projects and assisting in
the provision ol lacililies. including community cenlres, in the Interest of Social welfare of community groups who
have need of such facilities by reason ol their youth, age, infirmity OT disabilily, financial hardship, or social
circumstances wllh the objèct of improving Iheir quality ol life.
The Iruslees will consider applicalions from organisalions and charlties which are local lo business siles.
In selling object4v8s and planning lor aclivili8s, the Iruslees have given due considerallon lo gentrral guidance
PLJblished by the Charity Commission relating lo public benefit, including the guidance 'Public benefil.. running a
charity IP821'.
b. Strategies for achlevlng oblectivps
The CIO was established on 19 January 2021 with wide objects enabling grants lo be made lor a range of
charilable purpc>s85.
Grants can be made for many different purposes. The Ifuslees wlll ￿nsider applications Irom organisalions and
other charllies including applicallons made by individuals ori behslf of organisalions and other ¢hafilles.
They will consider applications for support towards capital projÉcts, other projects Dr core costs. However, th8
purpose musl have a diiecl chafilable benelil.
The Iruslees will also consider supporling the lundraislng efforts of a charity by providing matched funding lor
¢olleagues of Lords Group Trading Plc.
c. Actlvllles undèrtakèn to achleve obltrctlves
During ihe period the CIO made £69.￿6 12023 £122,823) in grants lo charitable organisalions which Ihe
Iruslees believe lo advance tho ¢haiily's objectives.
Page 2

LORDS GROUP FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Oblectives and aclivllles Icontlnuedl
d. Grant-maklng pollcl8s
The Iruslee5 have a loimal granl-making tx)licy used lo determine whether the CIO will fund submilled projects.
Slandard terms and conditions aTe applied..
Grants from the CIO are feslricled lunds unless othe￿Ise spedlied. They may only h& ustrd towards the
project oulllned In Ihv application submilled or subsequently agreed in writing.
An organisalion or eharity will acknowledge in writing usi[￿ ils headed paper r8celpl ol the gfanl and conlSrm
that the grant will be usgd lor Ihe approved purpose.
Any surplus funds nol required lor the approved purpose are lo be refunded lo the CIO unless othe￿15&
agreed by the trustees,
The trustees may impose condlllons upon making Ihe giant in respecl of monitoring and reporting. If the
granl is payable in inslalmenls, then paymènt of subsaquent grant inslalmenls will be dependenl on
$alisf8¢1ory progress having been demonslialed and the Irusle¢s reserve lh& right lo withdraw the grant on
recFlpl of unsalisfaclory Progress Teports. Fallure lo submil retK>rls wllhln the lime specified by Ihè Irustees
may also jeopardise the conlintjalion of the 5LlPPOrt. In addilFon lo reports delailing progress, grant reriplenls
m8y be required lo provide a slalemenl and final report demonslraling how the grant has been spent,
providing detai15 (where appropriatel of arby other funds applied lo the same project 8nd showlng how the
giant has been appliecl towards the furtherance of Ihe organisalion's chafilable purposes.
Main activlties und&rtaken to further the Foundatlon's purposes for thfr publlc beneflt
The charity has made donations lolalling £69,96612023 - £122,823110 22 12023 . 271 charitable organisalions
which Ihe Iruslees believe lo advance Ihe charl1￿$ c>bjeclives.
Giants have been made lo18rger organis21ions such as Macmillan Cancer Suppotl, Stroke Association and UK
Sepsis Trust during the period. The charity has also made grants to cornrnunily organisalions such 2s Treetops
H05pi¢e Tiusl, Graenwich and Bexley CDtnmunily Hospire, The Matthew Hackney Foun(Jalion, and CISCA
House ICanvey151and Senior Citizens Associalionl.
Achl8v8ments and perfDrniance
Maln achlevom•nts of the Foundation
In the current period donations of £3,20312023 - £6,539) were received from supporters of the charity. The
Iruslees have then identified and disbursed £69,96612023 - £122,823) ol Ihe charily's lun(Ss in 9ranls in order lo
advance the CIO'S chariiable objecls.
Flnanclal revlew
a. Golng concgrn
After making appiopriale enquiries, the Iruslees have a reasonable expèctatK)n that tho Foundation has
adequale resources lo continue in operational existence for the foies8eable fulure. For this reason, they
continue lo adopl the going con¢em basis in preparing the financial slalemenls. Further detalls regarding the
adoplion of Ihts golng concern basis can be found in lh8 accounling policles.
Page 3

LORDS GROUP FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
b. Resfjrves pollcy
The Charlly Commission defines reserves as 'incorn8 which beromes available lo the charity and is lo be
expended al the Iruslees, discretion in furtherance ol the charitys objects, bul is r￿1 yèl spènt. commilled or
designaled..
Al the balance shetsl dale. Ihe CIO'S resetves have been partly uli118ed by provtding granls ancs support aclivilies
of the CIO. Due lo the liming of the initial funding and the assessment of funding applications by the Iru8lee5 the
majoiity of thi5 has been retained with the inténl¢on of making lurther grants in lulure peiiods.
Structur•, governance And management
a. Constltutlon
Lords Group Foundation Is a registered charity, number 1193157, 8nd is conslilul8d under a CIO Conslilution.
b. Mothod8 of appoinlmenl or electlon of trustees
The management ol the Foundation is th& responsibility of th8 trustees who are elected and co-Dpled under the
terms ol the CIO Conslilulion.
Apart from the firsl charity IrusleÈs, every Iruslee musl be appolnled foi a term ol three years by a resolution
passed al a properly convened meeting of the chaTily Iruslees. In selecting individuals for appointment as charity
Iruslees, the charlly Iruslees musl have regard lo the skills, knowledge and experience needed for the efftsclivo
admlnislralion ol the CIO.
c. Organlsatlonal structure and dec151on-maklng pollcles
The mgmbers of (he CIO shall be Ils Charity Iruslees lor the lime being. The only persons ellglble lo be members
ol Ihe CIO are ils charity trustees. Membership of the CIO cannot be transferred lo anyone else. Any member
and charity Iruslee who ce8ses lo be a charity Iruslee automatically ceases lo be a member ol the CIO.
The charlly Iruslees shall manage Ihe affalrs ol the CIO and may lor that purpose exercise all Ihe powers ol Ihe
CIO. 1115 the duly ol each charity Iiuslee lo extrrcise his or her powèrs and lo parform his or her functions in his
or her capacity as a trustee OF the CIO in Ihe way he or she decides in good lailh would be Tnosl likely lo lurthol
the purposes of the CIO- and lo exercise, in the performance of those ILtrnclions, such care and skill as is
reasonable in Ihe clrcumstances.
d. Poll¢les adopted for thè Inductbon and trainlng of trustee5
The charily Iruslees will make av8llable to each new charity Iruslee, on or before his OT her lirsl appoinlmenl a
copy ol the current version of Ihls conslilution., and a copy ol the CIO'S lalesl Trustees, Annual Report and
slalemenl ol accounts.
Related party relatlon$hlps
A charily Irusltre musl declare the nature and exlenl of any inleresl, direGI or indirect, which he or she has ir) a
proposed transaction or arrangement with the CIO or in any l¥an$8clion or 8rrangem8nl enlèied into by the CIO
whlch has not previously been declared,. and absent himself or herself from any discussion5 01 the charity
Iruslees In which il is possible (hal a ¢onfli¢l of inleresl will arise between his or her duty lo act solely in the
inleresls of the CIO and any peisonal interest lincluding but nol limil8d to any financial int8rasll.
Page 4

LORDS GROUP FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDEO 31 DECEMBER 2024
Unre5trlcted
funds
2024
Total
funds
2024
Tolal
funds
2023
Note
Income from:
Donations and legacies
3,203
3.203
6,539
Total Income
3,203
3,203
6,539
Expèndlture on:
Raising funds
Chari18ble acllvllles
14
72,486
14
72,486
125,223
Total expendlture
72,500
72,500
125.223
Nèt movemènt in funds
{69,2971
169,2971
(118,684)
Reconclllatlon ot funds:
Total fur]ds brought forward
Ng1 movémènl in funds
401,437
169,2971
401,437
169,2971
520, 121
(118,684)
Total funds carried forward
332,140
332.140
401,437
The Slalemenl ol financial activities includes all gains and losse5 recognised in the year.
The noles on pages 8 10 14 forffl parl of those financial slaletnenls.
Page 6

LORDS GROUP FOUNDATION
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDEO 31 DECEMBER 2024
Structurei governance and management Icontlnued}
f. Flnanclal rlsk managemènt
The Iruslees have assessed the majoi risks lo which the Foundation is exposed. in particular those related ID the
operations and finances ol Ihe Foundation, and are salisfied that systems and procedures are in place to
miligale exposure lo the major risks.
Members. liablllty
11 lh& CIO is wound up, th8 members ol Ihe CIO hav8 no liability lo conlrihule lo ils assets and no personal
responsibility for sellling ils debts and Ilabllilie5.
Statemant of trust88s' rèsponslblllties
Th8 IrLfsl&es are responsible for prepaiing the IfUSte8s' report and the financial slalemenls in accordanca wilh
applicable law and Unlled Klngdom Accounting Slandaid5 (United Klngdom Generally Accepted Accoun15ng
Praclicel.
The18w applicabl& lo charilles In England & Wales requires the Irusle&s lo prepare financial statements lor each
rinancial period which give a true and fall view of the stale ol affairs ol the Foundallon and of ils incoming
resources and application ol resources. including ils income and expendllijre, lor that perlod, In preparing these
linanclal SlatB￿g￿l5, the Iruslees are required lo..
select suitable accounting policies Bnd then apply Ihem consislenlly,,
observe th8 mèthods and principles ol Ihe ChBrities SORP IFRS 1021..
make judgfflenls and accounting eslimal&s that are feasonable and prudenl..
slate whether applicable UK A¢¢ounling Standards IFRS 1021 have been followed, subjecl lo any material
departures disclosed and explained in the financial slalemenls.,
prepare the financial slalemgnls on the going concern basis unless il is inappropri810 lo piesume Ihal the
Foundation will continue in business.
The Iruslees are responsible for keeping 8dgquale accounting records that are sufficienl lo show and explain the
Foundation's transactions and disclose with Teasonable accuracy al any time the financial poslllon of the
Foundalion and enable Ihem lo ensure that Ihe financial slalemenls comply wllh the Charili*'.
Acl 2011, the
Charlly (Accounts and RBPOrtsl Regulations 2008 and the provisions of the CIO Constitution. They are also
responsible for safeguarding the assets ol the Foundation and hence lor taking reasonable steps for th&
prevention and detection of fraud and other irregularities.
roved by order ol the members of the board of trustees And signed on their behalf by..
S B Patèl
Trustee
D81e'.
Page 5

LORDS GROUP FOUNDATION .
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Currtsnt assets
Cash al bank and in hand
334.660
403,837
Creditors.. amounts lalling dLte wilhin one
year
12.5201
(2,400J
Net current assets
332,140
401,437
Total net assets
332,140
4Ql,437
Charlty funds
Unreslricled funds
10
332,140
401,437
Tolal funds
332,140
401,437
Thg lin8ncial statements weie approved and ¥ulhorised lor issue by the Iruslees and signed on their behalf by..
S B Patel
Trustee
D21e'.
The noles on pages 8 10 14 form part of Ihese linancial slalemenls.
Page 7

LORDS GROUP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General informatlon
The Lords Group Foundation is a charilable incorporated organisalion, incorporated In England & Wales.
Th8 address of the regislered office Is 12-15 Hanger Green, London, W5 3EL.
The m8mbers ol the CIO are the Iruslees.
Thg financial slalemenls are presented in Sterling IGBPI rounded lo Ihe nearesl £1.
Accounllng pollcifrs
2.1 Basls ol proparallon of flnancial statemen15
The financi81 slalÈmpnls have been propared In ac¢ordgnce with the Charities SORP IFRS 1021
Accounting and Reporting by Ch8filles.' Slalemenl of Recommended Practice applicable lo chaTilies
preparing their accounts in accordance wilh the Financlal Reporting Sland8rd applicable in the UK
and Republic ol Ireland IFRS 1021 leflective 1 January 20191, the Financial Reporting Standard
applicable in Ihts UK and Republic ol Ireland IFRS 1021 and Ihg Chaiities Act 2011.
The financial slalemenls have been prepared lo give a 'liue and fair, vlew and havè departed from
the Charilles (Accounls and Reporlsl Rogulalions 2008 only lo IhB exlenl requiied lo provide a 'lrue
and lair. view. Thls departure has involved following Ihe Charili¢s SORP IFRS 1021 published in
O¢lob&r 2019 ralher Ihan the A￿O￿nting and Reporting by Charities.. S181omenl of Recommended
Practice effeGlive Irom 1 April 2005 which has since been withdrawn.
Lords Group Foundallon meets the definition of a public benefit &nlSly under FRS 102. Assets and
liabllilles are initially recognisod al historical cos1 or IransaclÉon value unless otherwise staled in the
relevant accounting policy.
2.2 Golng ¢oncern
The Iruslees have a reasonable expectation that the CIO h8$ 8dèquate resources lo conlinue in
operallonal existence moel ils liabilities as Ihey fall due for Ihe foieseBablo lulure. berng a pe¥iod
ol al le8sI iwelve months flown the dale Ihese financial slalemenls were approved. Accofdingly, they
continue lo adopt Ihe going concern basis in preparing tha lin8ncial slalements
2.3 Income
All income is rècognised On￿ the Foundation has enlillemenl to Ihe income. it is probable that the
income will be received and Ihe amount DI income receivable can be measured rellably.
2.4 Expendlture
Expenditure is recognls$d once there is a legal or conslrucliv8 obligalion to Iransler econt5mi¢ benefit
lo a third p8riy, il is probable Ihal a Iransler of economic benefils will be required in sellltrmènl and
the amount ol Ihe obligation c8n bé measurèd r8118bly. EKpancliture is classified by aclivily. The cosls
ol each activity are made up of the lolal ol direct costs and shared cosls. in¢luding support costs
Involved in undertaking ea¢h activity. Direct costs allribulable lo a single activity are allocated dlr¢clly
lo Ihal aclivily. Shared costs which Gonlribule lo more than one activity and support costs which 8rÉ
not altribulable lo a single activity are apportioned belween those activities Dn a basis consistent with
the use ol resources. C8nlral slaff costs are allocated on the basis of Ilme spent, and depre¢ialion
charges 8llocated on the portion of the asset's use.
Page 8

LORDS GROUP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2024
A¢countlng pollcles Icontinugdl
2.4 Expendlture Icontlnuedl
Expenditure on charilablo aclivilies is incurred on directly undertaking the aclivilies which luriher the
Foundation's objedives, as wèll as any associ818d supporl costs.
Grants payable are charged in Ihe year when the offer is made except in those cases where the offer
is conditional, such gran15 being recognised as expenditure when the condillons allaching ara
fullilled, Gi8n15 offered stjbjecl lo condilions which havè not been mel al the year end are noted as a
oommilmenl, bul not accrued as expenditure.
All expendiluro is inclusive ol Irfecoverable VAT.
2.5 Cash at bank and In hand
Cash al bank and in hand includes cash and 5horl-lerm highly liquld inveslmenls with a short malurily
of three months or less from Ihe dale of acquisition or opening of the deposit or similar accounl.
2.6 Llabllltles and provlslons
Liabilities are ￿CogniSed whon there Is an obligation al the balance sheet ol8le a8 a result of a pasl
event, il is probable that a transfer of 8conomi¢ benefit will be required in selllemenl. and the amounl
of Ihe settlernenl can be estirnaled reliably.
2.7 Financlal Instruments
The Foundalion On￿ has financial assets and financial liabilities of a kind Ihal qualily as basic
financial inslrumenls. Basi¢ lin8ncial inslrumènls are initially recognised al Iransaclion value and
subsequently measured al Ihelr selllemenl value with the &xception ol bank loans which are
subsequently measured 81 amortised cost using Ihe effective inleresl melhod.
2.8 Fund accounting
Gen&ral funds are unreslriclod lunds whlch are èvallable for use al Ihe élscrelion ol the Iruslees in
furtherance of tha general objecliv&s of the Foundation and which have not been deslgnaled for olher
purposes.
Income from donatlon$ and legacles
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
3.203
3,203
6,539
Page 9

LORDS GROUP FOUNDATION.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expènditurè on ra151ng fund5
Unrestrlcted
funds
2024
Total
funds
2024
Total
unds
2023
Allocated centrally incurred fundraising and governance
costs
14
14
Analysls of grants
Grants to
Instltutlons
2024
Total
funds
2024
Education and development
Prevention and relief DI poveriy
Advancing heallh and saving ol lives
29.972
17.185
22,809
29,972
17,185
22,809
69,966
69,966
Grants lo
Inslilulions
2023
Total
funds
2023
GTanl$, Educalion and developrnenl
Prevention and rèlief of poverty
Advancing health and saving ol lives
54.225
11,241
57,357
54,225
11,241
5T,357
122,823
122,823
Page 10

LORDS GROUP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expendlturo on char5table actlvltles
Summary by fund type
Unrtstrl¢l¥d
fund5
2024
Total
2024
Total
2023
Education and development
Prevenlion and reliel ol poveriy
Advanclng he8llh and saving 01 lives
Olher
29,972
17.185
22,809
2,520
29,972
17,185
22,809
2,520
54,225
11,241
57,357
2,400
72,486
72,486
125.223
Anolysls of expenditure by actlvltles
Grant
fundlng of
acllvltles
2024
Support
costs
2024
Total
funds
2024
Edltrcalion and d8velopmenl
Prevention and relief of poverty
Advanclng heallh and saving of lives
Other
29,972
17.185
22,809
29.972
17.165
22.809
2.520
2,520
69.966
2,520
72,486
Page 11

LORDS GROUP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysi5 of expendllurè by actlvltles Icontinuedl
Gr8nl
funding ol
aclftviliÈs
Slipport
cosls
Total
funds
2023
2023
2023
Education and development
Prevention and relief of poverty
Advancing health and saving of lives
Other
54,225
11,241
57,357
54,225
11,247
57,357
2,400
2,400
122,823
2,400
125,223
Analysis of support Costs
Total
funds
2024
Tolal
runds
2023
other
2024
Accountancy
2,520
2,520
2,400
Trustaes. remuneratlon and expenses
During Ihtr year. no Iruslees received any remuneralion or other benefits (2023- £NIL}.
During Ihe year ended 31 Decembèr 2024, no Iruslee eX￿nSeS have been incurrèd (2023- £NILI-
Page 12

LORDS GROUP FOUNDATION ..
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Creditors: Amounts falllng due wlthln one year
2024
2023
Accruals and dÈlerred income
2,520
2,400
10. Statement of funds
Statement of funds - currenl year
Balance al
31
December
Balance at I
January
2024
Income Expenditure
2024
Unrestricted funds
G8neral Funds . all funds
401,437
3,203
172,5001
332,140
Statement of funds - prSor year
Balance al
31
D8cembfyi
2023
IBnc6 Bl
7 January
2023
Income Expendilure
Unrèstrlcted funds
General Funds- all funds
520, 127
6.539
(125,223)
401.437
Pggtr 13

LORDS GROUP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Analy$l$ of nel assets between funds
Anolysls of net assets betwegn funds - curront perlod
Unrestrlcted
fLtnds
2024
Total
funds
2024
Current assets
Creditors due within one year
334,660
(2.5201
334.660
12,5201
Tota
332,140
332,140
12.
Related party transactlons
The Foundation has not entered into any relaled parly Iransa¢lion during the year, noi are there any
oulslanding balances owing between related parties and the Foundalion al 31 Decembor 2024.
P8g& 14