LINCOLN PRIVATE INVESTMENT OFFICE FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED ON 31 DECEMBER 2025
CONTENTS Page Foundation infomation Trustees, annual report Independent examinerfs report Statement of financi81 activities Notes to the accounts
Foundation Information Charity's Name Charity's registration number Lincoln Private Investrn8nt offi Foundation 1194299 Trustees Thomas Michael Braithwaile (Chair) Giorgina Baldwin Angus Sallis Holmes Louisa Catherine Bary Christopher John Rowell Rebecca Sara Robbins J08ephine Waldron (resigned on 1st Jan 2025) Principal address 32 Grosvenor Gardens London SW1W ODH Investment managers Lincoln Private Investment Office 32 Grosvenor Gardens London SW1W ODH Bankers Bardays Bank Independent examiners Tax Avenue Turnfields Gate, Tumfield$ That¢ham RG19 4PT Paoo 1
TRUSTEES, ANNUAL REPORT The Trustees of Lincoln Private Investment OfFIc8 Foundation present their report and financial statements for the year ended on 31 Dember 2025. The financial statements have been prepared in accordance with the accnting policies set out in the notes to the accounts and comply with the charity's goveming document, the Charities Act 2011. and Accounting and Reporting by Charitses.. Statement of Recommended Practice. Objectives and Actlvities The foundation's core objective is to provide financial support to registered charities in England and Wales. We focus on organisations that operate within th& United Kingdom and maintain a primary mission of improving human lives. Our grant-making strategy aims to provide both immediate relief a1 long-temi support to vulnerable populations. The Twstees confirm they have referred to the Charity Commission's general guidan on public benefit when reviewng the foundation's 3ims and objectives and in planning future activities. Aehlwemonts and Perforrnanco The foundation experienced a successful year of fundraising in 2025, generating a total income in excess of £45,000. This rev8nue was largety driven by the physical dedication of our supporters and the engagement of our local community. Key ath'vities included.. Participation in high-endurance events (the Ironman triathlon and th8 London Maralhon) Organisation of a "guess the number of tennis balls" compgtition h81d at the Hurlin9ham t8nnis tournament Organisation of a quiz nighl. The Trustees are proud of the grant awarded this year to Become Charity. The £7,000 grant supports Become's vilal work in improving the life chances of young people in care and care leavers. This partnership aligns perfectly with our human-focused mission by addressing systemic challenges faced by young people in the United Kingdom. Flnancial Review Total income for the year was £45,665. In line with our long-temi strategy to ensure the foundation's sustainability, the Trustses made a significant investrnent of £30,000 into our existing stocks and shares portfolio. This investment is intended to provide a reliable Source of future income and capital growth, enabling larger or more frequent grants in subsequ8nt years. The foundation maintains a policy of holding sufficient r8sarve8 to meet its grant- making commitments and cover administrative costs. The remaining balanc8 from the 2025 fundraising cycle will be carried forward to support the 2026 grant cycle. Pag&2
structuro, Governancè, and Management The foundation is 8 gistered charity governed by its Trust Deed dated 19 March 2019. The power of appointing new Trustees is vested in th8 current Board of Trustees. New Trustees are inducted into the workings of the foundation and briefed on their legal obligations under charity law. The trustees give their time voluntarily and re1ve no remuneration nor any other financial benefits. The Trustees meet l¢e a year to review grant applications, monitor investment performance, and plan future fundraising initiatives. Declaration The Trustees declare that they have approved the report above. Slgnad on behalf of the Board of Trustees.. Thomas i¢ha81 Braithwaite Chair of Trustees Date.. P8go 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LINCOLN PRIVATE INVESTMENT OFFICE FOUNDATION l pOrt to the trustees on my examlnalion of the accounts ol Lincoln Private Investment Office Foundation for the year ended on 31 December 2025. R•$ponsibilities and basls of report As the charity trustees, you are responsible for the preparation of the accounts in accoTdance with the requiremn15 of the Charities Act 2011 {'Ihe Act'i. I report in respect of my examination of the Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Difeclions given by Ihe Charity Commission under secb'on 145(5llbl of the Act. Ind•p•ndent examlnevs ststarnent I have completed my examination. I confimi that no material matters have come to my attention in cOnne10n with the examination giving me ¢ause to belEve that in ary material fespect.. accounting records were not kept in respect of the Foundation as required by section 130 of the Act., or 2. the accounts do not accord with thos8 records., or 3. the accounts do not comply with the apPIable requiremen15 concerning the form and content of ac¢ounts Sel out in the ChaTilies (Accounts and Reportsl Regulations 2008 other than any reguiremenl that the acrounls give a 'lrue and fair vw, which is not a matter considered as part of an independent exaMinan. I have no concerns and have come across no other matter5 in connection with the examinatson lo which attention shouk1 be drawn in this report in order lo enable a proper underslandlng of the accounts to be reached. Signed.. Monika Tabalabaian, MAAT TaxAvenue 1 May 2026
LINCOLN PRIVATE INVESTMENT OFFICE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES For the year ended on 31 December 2025 Notes 2025 2024 R•sources *ritsinB: Fundraising activthes Investment ineA)mé Gross resourceB forth• year 45,371 17,365 123 17,488 45.665 ReJourc•8 us•d: Costs of fundraising adivities Grants and donalions made Admin6stralion costs R•8ources used In the yr 1,124 12,250 8.124 12.250 Changes In resources Before transfers and valuations Net investment Ilossl I gain Net mov•ment in restsurc for the ye•r 37,541 2.942 40.483 5.238 5,238 Reconciliation of funds Balance brought ftsnmard Net movement in Tesour¢e$ B81ance carried forward 14.305 40.483 54,788 9.c7 5,238 14,305 R?pr¢$¢nted by Investments C8sh in bank Tol81 46.486 8,322 $4,788 13,230 1,075 14.305 StyJned tsn behalf of the Btrard of Trustees.. Ign8kn Narne in pMI - 2U2 SvJn8ttJre Narne in print Page S
LINCOLN PRIVATE INVESTMENT OFFICE FOUNDATION NOTES TO THE ACCOUNTS For the year ended on 31 December 2025 ACCOUNTING POUCIES The accounts h8ve been prepared M the repts and paymonts basis. FUNDRAJSING ACTIVITIES INCOME ANO EXPENSES 2025 Income Hurfingham Tenn1$ Quiz Night M8rathon Ironman Sweepstake Sundry donations 1,983 3,886 1.375 37,027 825 45.371 Expens98 Quri Night venue and snacks 1,124 Excess of income over expenses 44.247 INVESTMENTS 2025 Inv8Stm8nts ar8 hehy in a porftolio of 81ocks ¥nd shares managed by Lincoln Privatè Investment Offi¢¢. Market value {as per Investment Manager8 valuation) Brought forward Nèw investments Income re-inv8stad Incte8s¢ld8crease in rnarket value Carried forward 13.230 30,OLKI 2.942 46.466 Page6