Company registration number CE024765 (England and Wal> Charlty wlstratlon numb•r 1193336 (England and Walèsl THE LHR CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
THE LHR CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustoès HRRoss LARoss E M Gaudem R E Smith S J Collins Country of incorporation United bthngdorn (England and Wales) CE024765 Charlty reglstratlon England and Wales 1193338 Regljtered offlce Browne Jacobson LLP Mo¥vbray House Castle Meadow R08d Nottingham NG2 1BJ Ind•p•ndènt •xamln•r P Audrt Services LLP 31 Wellinoton Road Nanlch Cheshi CW5 7ED
THE LHR CHARITABLE FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report Statement ol financial activiti'es Balance sheet Notes to the financial st8lemenl$ 5-10
THE LHR CHARITABLE FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JANUARY2026 The trustees present their annual report and finanaal statements for the year ended 31 January 2026. The financial statements have been prepared in accordanc£ with the accountsng poliaes set out in note 1 to the financial statements and compty wrth the charity's governing document. the Cornpanie5 Act 2006 and 'A¢counting and Reporting by Ch8rities.' Statement of Recommended Pracb'oe applicable to ChareS preparing their aocounls in accordance with the Finan81 Reporting Standard appltsble in the UK and Republic of Iieland IFRS 1021" leffective 1 January 20191. Oblectlves and actlvltles The objects of the charity are such purposes as shall be exdu$i¥ety ¢h8ritable as the ¢h8rity trustees in their 8bsolutè discrÈtion from time to time think ffit. Publlc beneflt The trustees have paid due re98rd to guidance issued by Ihtr Chawity Commission in deciding what acb'viti'e$ th charity should unrJ&rtake. Flnanclal revlew It is the policy ol the chanty that unrestrided ftjnds whith have noi been designated for 8 specific use should btt maintained al a level equivalent lo belween three an(J six mnth's expenditure. The Iruslees ¢onsider that reserves al this level will ensure that. in the event ol a signrficant drop in fundin9. they will be able to contsnue the charity's current activities while consideration is given to ways in which addrtional funds may be raised. This level of reserves has been maintained throughout Ihe year. Structure, governance and management The charrty Is a company limited by 9uarant88, constructed under a trust deed dated 2S January 2021 and Is a registered charity, number 1193336. The trustees, who are also the directors for the pUose of company law. and who served during the year and up to the date ol signature of the finanrAal statements were.. HRRoss LARoss E M Gaudern R E Smith S J Collins Re¢rultment and appolntment of tru$tee¥ Apart from the first charity truslees. every Iruslee must be appointed lor a terni of three years by a resolution passed at a property convened meeting of the charity trustees. In selecling individuals for appointment as charity trustees. the charty trustees must have regard to the skills. knO¥edge and experience needed for the effective adminislralion of the charity. There must be 8t least three charty tnJslee5. If Ihe number falls below this minimum. the remaining trustee or trustees may act onty to call a meeting of the tharity trustees or appoint a new charity trustee. The is no maximum number of d)anty tmstees that may be appointed. The trustees, report was approved by the Board of Trustees. HRRoss Trustee Date.. 17 Jun 2026
THE LHR CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LHR CHARITABLE FOUNDATION I report to the trustees on my examination of the financial statements of The LHR Charitable Foundation (the charityl for the year ended 31 January 2026. Responsibilities and basis of report As the trustees of the charity land also rts directofs for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordan with the reqU1ments ol the Companies Act 2006. Having satisfied myself that the financial statements of Ihe charity are not required to be audrted under Part 16 of the Cornpanies Act 2006 and are eligible lor independent examination. I report in respect of my examination of the harity's financial stslemenls carried out under section 145 of the Charibes Act 2011. In carrying out my examination I h8vÈ followed the Directions givèn by thè Charity CommissK>n undèr sèction 14515llbl of the Charities Act 2011. Independènt •xamln•Vs statement I have completed my examination. I confirm that no matters have ¢omtr io my atteniion in nnectiort with th xamination giving me ¢ause lo believe thal in any malerial Sp&'. accounting records were not kept in respect of the charity as required by section 388 01 the Companie5 Act 2006. the financial statements do not accord with Ihose records., or the financi81 slalernenls do noi ¢ornpty with Ihe a¢counling requirements of section 396 01 the Companies Act 2006 other than any requirement Ihal the finan¢ial $tslem¢nl$ give a Iwe and fair vi¢w, which is not a matter considered as part ol an indepen¢Jent examination.. or the financial staternents have not been prepared in accordance with ihe methods and prinriples of the Slalernenl of Recommended Pr8di¢tr for a¢¢ounling and reporting by ¢h8rrtie$ applicable lo charities pparing their financial statements in 8¢cordan¢& wlh the Finan¢ial R¥portin9 Slan¢Jard opplicgbl? in th¥ VK and Republic ol Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. WP LJ,I S.~,... LLP Paul Edwards FCCA CTA WP Audit Services LLP 31 Wèllinglon Road Nanleh Cheshira CW5 7ED Dated.. 18 Jun 2026
THE LHR CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY2026 Unrestrfcted lunds 2026 Unrestrlcted funds 2025 Notes Incom• frt>m= Investments 64,029 65.982 Total incom? 64.029 65.982 Expendlturg on.. Charitable activities 141,228 134,957 Total expendltur• 141.228 134.957 Net gains on investments 91,264 325,512 Net Incomè and mo¥•ment In lund$ 14,C65 258,537 R•conclllatSon of funds: Fund balan¢e$ al 1 February 2025 2,951,439 2,694,902 Fund balanc•• at 31 January 2026 2,965,504 2,951,439 The stalemenl of finan¢i81 a¢b¥itles indud$ all gains and h)sses re¢ognisd in the year. All in¢om& and expendftur& d8rlv8 from contlnulng activities.
THE LHR CHARITABLE FOUNDATION BALANCE SHEET AS AT31 JANUARY2026 2026 2025 Notes Flxed assets Investment property Investments 11 12 64.710 2.810.826 145,836 2.768.580 2.875.536 2.914,416 Current assets Cash at bank and in hand 93.208 40.143 Cr•dltors'. amounts lalllng du¢ vAthln one year 13 {3.240} 13,1201 Net current assets 89,968 37,023 Total a88et8 le88 curr•nt IlabllSlle8 2.965.504 2.951,439 Thè funds of th• charlty Unr&slri¢ted lund$ 2,965.504 2,951,439 2.985,504 2,951,439 The Company is enlilled lo the exemption from the audrt re4uirem&nl contsined in sedion 477 of Ihtr Companies Act 2008, for tho year ènd81131 January 2026. The directors acknowledge their respOnsi.1leS for comptying wrth the requirements of the Companies Act 2006 wrth respect to accounting records and the preparation of financial statements. The members have not required the company lo obtain an audit of rts finanrial statements for the year in question in accordance with section 476. Thèse financial statemènts hav¢ been pr•par8d in accordance with the provision$ applicable to companiès subj8ct to the small companies regime. 17 Jun 2026 The financial statements were approved by the trustees on ........................ HRRoss Trustee Company registration number CE024765 (England and Wales)
THE LHR CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2026 Aecountlng pollel•s Charfty Snforniatlon The LHR Charitable Foundation is a private company limited ty guarantee Inctsrporated in England and Wales. The registered office is Browne Jacobson LLP. Mowbray House, Castle Meadow Road, Nottingham, NG2 18J. 1.1 Basis of preparatlon The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Pr8c¢ice applicable to charilies preparing Iheir ac¢ounls in accordance with the Financial Reporting Standard applirable in the UK and Republic of Irelan(J IFRS 1021. (effective 1 January 20191. The ¢h8rity is a Publi¢ Benefft Enlty as defined by FRS 102. The charity has taken advantage of the provisions in Ihe SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterfing. which is the funcb'onal oJThenry of the charity. Monetary arnounts in these financial staternents are rounded lo the nearest £. The financial sl8tements have been prepared under the historical ¢osl Convention, modthed to Include the rtrvalualion of freehold properties and to Include investment properties and certain financial instruments at fair value. The prinapal accounting policies adopted a set out below. 1.2 Golng concem At th8 timè of Approving the financial slalements. the trustees havè 8 reasonable expect8t+on that the Chaty has adequate resources to continue in operational existence fof the foreseeable lulure. Thus the trustees continue to adopt the going concern basis of accounbng In preparing the financial staternents. 1.3 Charitabl• fund• Unrestricted funds are available for use at the discretion of the tnJslee8 in lurtherance of their charitable objectives. Restricted funds are subject to specific ndillonS by donors or grantors as to how Ihey may be used. The purposes and uses of the restricted lunds are set out in the notes to the financial staternents. Endowment fvnds are subject to specfft conditions by donors that the capital must be maintained by the charty. 1.4 Income Income is recognised when the chanty is le9ally enlrtled to it after any perft)rmance conditions havè been met, the amounts can be measured reliably, and rt is probable that income wll be ieceived. Cash donation5 are recognised on receipt. Other donations are recogni5ed On the charty has been nob'fied of the donation, unless perfomiance CondOn$ Tequi deferral of the amount. Income tax iecoverable in relation to donations receNed under GiftAKI or deeds of covenanl is recognised at the time of the donation. Legacies are recognised on receipt or olherwse rf the charity has been notified of 8n irnpendin9 distribution. the arnount is known, 8nd receipt is expected. If the awnount is not knowTh, the leg8cy is tre8ted as 8 contingent asset.
THE LHR CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2026 Accounting policies (Continuedl 1.5 Exp•ndltur• Eypenditure is recognised once Ihere is a legal or constructive obligation to Iransfer economic benefit to a third paty. r( is probable that a transfer of enOMiC benefits will be iequired in settlement, and the amount of the obligation can be rneasured reli8bty. Expenditure is dassified by athvty. The costs of each adivrty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each acbvity. Direcl costs attributable to a single activity are allocated directy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned befvleen those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are alk)raleiJ on the portion of the assel's us&. 1.6 Investm•nt property Investment property, which is property held lo eam rentals andlor for capital appreciation, is initially cognised at cost, which indudes the purchase cost and any directy attn'butable expenditure. Subsequent it is measured at fair value at the reporting end date. The surplus or deficit on valUatn is recognised in profit or loss. 1.7 Flxed a88•t Investments Fixed asset investmènts afe SnitSalty m•asur•d at transaction prie• èKdudlng tran$8¢tlon costs, and ar& subsequently measured al fair value al each porting date. Changes in fair value are recognised In net Incomellexpenditurel for the year. Transaction costs are expensed as incurred. 1.8 Ca8h and ea8h équlval•nts Cash and cash equivalents indude cash in hand. dep05rts held at call with banks. other short-terrn liquid investrnents wilh original malurities ol three months or less. and bank overdrafts. Bank overdrafts are shown wrthin borrowng3 in current liats'lrties. 1.9 Flnanclal Instruménts The charity has elected to appty the provisions of Section 11 '88sic Finanrial Instruments, and Sects'on 12 'Olher Finanri81 Instruments 1ssue5' of FRS 102 to all of it5 finanrial instruments. Flnancial instruments are reco9nised in the chanty's balanc8 sheet when the chaity becomes party to the contractual provisions of the instrument. Financial assets and liabililies a offset. wilh Ihe net amount5 psenIed in the financial statements, when there is a legalty enforceable right lo sel off the recognised amounts and there 15 an intention to settle on a net b83is or lo re81ise the 05sel and see the li8bility simuW8neousty. Basle flnanclal ass•ts Basic finanrial assets. which indude debtors and cash and bank balances. are initially measured at tr8ns8Ction price including Iran5acIion c95ts and are subsequentty c3rried 8t 8mortised cost Using the effective interest method unle55 the arrangernent con5trtutes 8 finanung transaction. where the tiansaction is measured at the psent value of the luture receipts discounted at a market rate of interest. Finanaal assets classified as re1vable wrthin one year are not amortised.
THE LHR CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2026 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic finanrial liabilities. induding credrtors and bank loans are inrtially recognised at transaction price unless the arrangement constrtutes a financing transaction. where the debt instwment is measured at the present V81ue of the future payment5 discounted at a market rate of inlere51. Fin8nryal li8bilities classified 85 Payable wrthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl. using the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 8re dassified as current liabilities if payment is due wlhin one year or le$5. If not. they are presented a5 non-current liabilities. Trade creditor5 are recogni$ed inth'ally 81 transactKJn price and subsequentty measure(1 at amortised cost usin9 the effectsve interest method. D•rncognitlon of financlal liabiliti•s Financial liabilities are derecogni5ed whtrn thtr Charty's ¢ontr8dual oblig81ion$ expire or a discharged or ¢8ncelled. crttlcal accounng 88tlmat•s and ludg•m•nts In the application of the charity's 8ccounfrng policges. the trustees are required to make judgements. estimates and assumptions aboul the carrying amount of assets 8nd liabilrties that are not readily apparent frorn other sources. The eslirnales and a55ociated assumptions are based on historic81 experience and other factors that are Considered to be r&l&vanl. Actual re$utt$ may drffei from Ihe$¥ ¥stimal¥s. The estimates and undertying assumptions are reviewed An ongoing ba$i$. Revlslon$ to accountlng estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and lulure periods. Income from Inv¥$tm•ni$ unr•StCt•d Unr88trleted funds fund8 2026 2025 Rontal income Income from listed inveslments 13,782 50,247 14,727 51.255 64.029 65.982
THE LHR CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2026 Exp•ndltur• on charltsbl• aetlvltl•s Charltable Charftable Expenditure Expenditure 2026 2025 DSrect costs Admin expenses 1,386 1,037 Grant funding of activtties Isee note 51 114,767 109,397 Share of Support and gov•mance co8ts18ee note 6) Gov&rnancé 25,075 24,523 141,228 134,957 Analy81• by fund Unrestn'cted lunds 141,228 134,957 Grant• payable Charltabl• Charltsbl• Expendlture Expendlture 2026 2025 Grants to institutions-. Education81 institutions Healthca institutions Other Charitable institutions Individuals 45.388 44,500 20,350 4,529 55.982 30,000 20,000 3,415 114,787 109,397 Governance costs allocated to charltable acllvllbes: 2026 2025 Govemance Govèmance costs costs Account8n¢y Legal and professional Investment rnanagement fees Property management fees 3.300 858 18,850 2,067 3.240 690 18,383 2.210 25.075 24.523
THE LHR CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2026 Trust••s None of the tTUStees IOT any persons connected with them) receNed any remuneralion or benefits from the charity during the year. Employees The avera9e monthfy number ol employees during the y¢arwas-. 2026 Numbèr 2025 Number Total There were no employees whose annual remunerat•Jn was more than £80,000. Galn8 and 1088e• on Investments Un1cled Unrnotrlcted funds funds 2026 2025 Gain8lllos6esl arising on.. Revaluation of investments Sale of investments Sale tsf investment properties 36.675 74,174 119,5851 275.068 50,444 91,264 325,512 10 T#tIon Th¥ ¢harty 1$ exempl from tsx on in¢om& and gains falling within $¥¢bon 505 of Ihe T8x¥$ Act 1988 or s¥¢tion 252 01 the Taxats"on of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Inve8tm•nt property 2026 Fair valu At 1 February 2025 Disposals 145.836 181,1261 At 31 January 2026 64,710 Investment property wmprises a residential property- The trustees believe that the valuation as al the balance sheet date is not materialty drflerent to the puitha5e costs incutTed in August 2021.
THE LHR CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2026 12 Flx•d ass•t Inv•stm•nts Llstèd Inv•stments Cost or valuatlon Al 1 February 2025 Additions Valuation changè$ Management charge5 paid Disposals 2.768,580 752.413 110,849 118.8501 1802,1661 At 31 January 2028 2.810,828 Carrylng amount At 31 January 2026 2,810,826 At 31 January 2025 2.768,580 13 Cr•dltor8'. amount8 lalllng due wlthln on• y•ar 2026 2025 Accruals and deferred income 3.240 3,120 14 Unrestrlcted funds The unrestricted fvnds ol the charity Comprise the unexpended balances of donations and grants which 8re not subject lo specific conditions by (Jonors anij 9ranlors 8s lo h¢)w they may be used. These include designated funds which have been sat aside out of unrestricted funds by Ihe twstees for specific purposes. At 1 February 2025 Incomlng resources Re8ource8 expended Galn8 and At 31 January losses 2026 General funds 2,951,439 64.029 1141,228} 91,264 2,965,504 Pr¢vious yèar= At 1 February 2024 Incoming rèsources Resource$ expended G#in• and At 31 January losses 2025 General funds 2,694,902 65.982 {134,957} 325,512 2,951,439 15 R•latod party transactions There were no disdosable related party transactions during the year12025- none). 10-