REGISTERED COMPANY NUMBER: CE029960 (EnglAnd ind Wxles) RBGIEREDcHARITy NUMBER: 12(KM)34 Report of th¢ Trystees and FlnanciAI St8ternents ror ¢h¢ Year Ended 31$t M4reh 2024 for THE LEMFORD FOUNDATION AttenorOughS IAccountant51 Limit¢d Siaiulory Auditor l Tower House Tower Cenire Hodde5don HertfordshiTe ENII 8UR
THE LEMFORD FOUND.4TION Contents of the FiNanciAI Statement$ for the yegr ended 31st MArch 2024 PAge Report of th¢ Trustees Report of the Ind¢pendent Audltors Siltement of Financial AeiSvltle5 BAlgn¢e Sheet C*$h Flow Stilement 10 Notes to th¢ C95h Flow StAtement Notes to the Finsnci•l Statements 12 to 16 DetAlled StAterntnt of FlnAnelAI Activi¢ie$ 17 18
THE LEMFORD FOUNDATION Report ol the Trustees ror the year ended 31$t Mfirch 2024 Th¢ tnjstees who are a150 directors of the charity for the purposes of the Companie5 Act 2006. present their rew)rt wilh the financial siatemenis of the charity for the year ended 3151 March 2024. The Irus¢ees have adopted the provisions of Ac¢ounling and Reportin8 by Charities.. Statement of Recommended Prd¢lice applicable lo charities preparin8 their accounts in accordance with the Finan¢iAI Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 letTective l January 20191. OWEcfivES ANDAcfiviTIES Objeetlves And girns The Obj15 of the charity Are to advance such exclusively ¢h8rilable purpos¢s for the publie benefit laccordin8 to the laws of England and Wales) as the charily Irusiees s¢e fil. in¢luding but not limited to the provision of finAncial support for.. l. the advancement of education in parti¢ulor bul not exclusively for individuAls residing in the parish of Mursley in the county ofBu¢kinghamshire who have need of such as515tance by reason of ¢heir financial hardship: the relief of those in need in the parish of Mursley in the ¢ounty of Buckin8hamshire by rtason of youth, age, ill-hcalih, disability, financial hardship or other disadvanlatse. 3. the advgn¢ern¢ni of religion by suprK>rting the moinienance. repairs and impn)vem¢nts of Si Mary the virsin churth in the parish of Mursley in the county of Buckin8hamshire; 4, th¢ promotitsn of community participfition in h¢althy recfeolion for th¢ b¢nefit of the inhabiianis of Buckin8hamshire and Bedfordshire by supporting facilities for playing amateur TU8by and other a5$0Ciated sports; and 5. ¢he conservation. protection and improvement of the physical and naiurAI environmeni. GrAntrnxklng In order io mttt our grant funding ¢rit¢ri* upplications will need io be by individuals or by organisAtions', the organi110ns will need io be a registered ¢harily or a not-for-profit; and both individuAls and such orxonisations musl be able to demonsirdle ihai the Primary purtK)5c of the grani will be to help Couses associaied wi¢h OUT obje¥lives. Individu815 and organtsalions will also need 10 be Able to answer 'no" lo the iniiial ¢wo qu¢stion5 and be prepared to mply with the requircmcnts of the third question;. i. Is the benefjciary individual or Organi110n a Pressure group or a umpoigning or political or8anisationg Ll. Doe5 the projea aim ¢0 promote religion lother than Charitable Objeth 3.1 or politics of Any kind, and does it exclude any pan of %Kidy. iii. H&ve any of the members of the Board of th¢ b¢nefi¢iary organisalion or any bcneficiary individuals ever been onvicled of an offcnce involving dishonesty. or abuse of vulnerable people and, if so, full disclosure at the time of application 15 necessary for the TNstees deliberntions. The charity made lis firs¢ grant on 2nd May 2023 and has continued to make contribuie to 8fy)d causes SID¢¢ thai d8t¢. More inforn)ation on gronts mode Con be found h¢r¢.' httpS.'Ilwww.Ihelemfordfoundation.co.uklgrl-gIvertI Page I
THE LEMFORD FOUNDATION Report of the Trnsttts for the year ended Jlsi M#rch 2024 STRATEGIC REPORT Achievement ind performance Charitgble activities The charity coniinues to be most adive in Buckinghamshire and Bedfordshire. but does not limi¢ its a¢tivitie5 to by geographic location. The chariiy uses key perfomance indicator and measures ihe quantity and quality of projecis funded in the year rhal meet the charities objectives and touch the lives of those in need. The chaTity'S ethos is thai of "gtving a little, where a little means a lot" and ihis is often clearly seen in the projects sUPPOrted. These p]Djects have included.. ttighton Bullard Rugby Union Football Club Grant to assist with the cost of providing additional changing riy)m and toilet facilities to provide separate facilities for male and female sports people and for male and female junior sports pp]e. EdUtiOnl Support it University Assisting underprivileged children with an opp)rtunity to consider futther education at university via University. Charity specialising in this field. Edutational Support Grant to a musical studeni at The Guildhall SchLk)l of Music. London to cov¢r part of his expenses in his final year. Educationil Support- Children's Business F9ir CIC A not-for-profii organisation promottng ¢hildren's awareness to business opportunitle5 by way of praaical exposure. Edue#tional Support- Bmekinghamshire Amy Cadet ikAgue Financial assistan¢e to establish a Bugle PlatcK>n teaching music ¢0 children using the Arniy Cadet Fotce star syllabus. Fundraising Activities The Charity at thi5 time r¢lies exclusively on invesiment incotne to fund its grani making activity. At this time the Charity does noi actrvely seek additional donations bul would welcorne them &8 and wh¢n they arise. Inve5trnent perforrnance The Mistee5 are very satisfied with the perforn)an¢e of the char2ty'5 inV¢Stments. Principal risks and uncertglllties The truste¢s see the loW the k¢y risks to the charity's activities.. FUre donations.. The charity rtlie5 on donations for the Continuity of its activities. Investhient market.. In addi(ion to donations. the charity is reliant on investment in¢otne to fund grants. Fluctuations in St(k markets are a risk the charity's ability to make future grants. Page 2
THE LEMFORD FOUNDATIOiY Report of the Trustees for the year ended 31st MArch 2024 STRATEGIC RFPORT FinAntio1 Ind ri$k m*nagement objectlves #nd pollcles The charity has general reserves of £3.703,764 at the end of Ihe year, whieh are sufficient to cover the rnans8¢m¢nt 8nd rninistrative expenses for 75 years. The principal fundin8 sources are gifts and retums on inve5tsllents. The Iru5tee5 have 501Ved to estsblish reserves io Provide for future aaivities And tiSfIed that the Trusts &55ets in each fund are Available and adequate to fulfil its obligations in r¢5pe¢l of each fund. The chariiy has adequate reserves 10 Coniinue as a going conttrn for the foreseeable future. Futur¢ plAns The charity hopes to use its invesimen¢ inwme lo provide gr¢S and support to or88nislltions and individuals In the fulure. STRucfiiRE. GOVERNANCE AND MANAGEMENT Guvernlng documenl The chariiy is conirolled by its govemin¥ document. a deed of trust. and constitutes a limiled company, limited by 8uaraniee. as defined by ihe Companies Act 2006. Th¢ ¢hariiy is controlled by its b)Ard of rrusiees, who are selected bed on their knowled8¢ ?nd experience. which are Sel out below. REFERENCE AIYD ADMINISTRATIVg DETAILS Regi5tereil C.ompAny number CE029960 IEn8land and Wales) Register¢d Charity number 1200034 Regl$tered offlce Spring Cottage Mursley Milion Keynes Buckingham5hire MK170RT Tru5tee5 R N T Coles Chair Mr5 M Coles AINew A R Cowell Auditors Attenboroughs IA¢wun¢ontsl Limiied Statulory Auditor l Tower House Tower Cen¢re Hoddesdon Hertfordshire ENII 8UR Page 3
I"IItr.' I.E%ITr"I)RD Tr'ol ND..I"I"ION for thf eTrilixl Jl%l Ilarrh 2Q24 ..Idii%er -Ii"I" 11 l¢ilih Mana¥emeni I IK LI.P EC'IW _INR ALLI)Iiiiiiiigb Siandards (Llniicd Kiiib)doin Generall> ACLL'PILII .4cLOUllllnb PraciicLI. ar¢ r¢411ir¢d li) In %1 lar IIIL Iruslccs are wiire.. ..%I'DIT()R AItLiiknrou¥lis IALLOLiiiianisl LiiiiiiL,d. iiill bL' propo¥d li¥r rL-iipfM)ininieni £ti ihv l(irth¢(Iinin¥ ,Innudl CJ¢neriil Meetin¥. RLtx)rt of IliL Iru51Lrs illL direLlI)rs. 1)n rrA)rdlin¥t a slraiLgtiL rLrA)rt. appn)I'Ld h} c)rdL'r i)I' Ihl, ix)ard i)I' Irii%lies, &% Ihe L()mpan}' and 5iBned (Iii Ili¢ bli(Ir(1's behall-bj., i¢rtiAXI .4 R C'iim'l'll I'w%lL'L' Pa£¢ 4
Report of the Independent Auditon to the Trnstees or The Lemford Foundatio Opinion 1¢ have oudiied the financial statements tsf The Lemford Foundation Iihe 'charitable company,) for the year ended 31st March 2024 which wrnprise the Statement of Financial Activities, the Balance SheeL the Cash Flow Slaiernent and rholes to the fJnan¢ial siaiemenis. including a 5Urntnary of significant accounting wlicies. The financi21 reporting framework that h&s been applied in their preparation is applicabl¢ law and United Kingdom Accounting Standards (United Kin8dom Generally A¢cwed A¢¢ouniing Practice). In ouropinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as ot 31 st March 2024 and of its incomitL8 rtsovwes and application of resources. including lis in¢ome and expenditure. for the year then ended. have been properly prepaTed in a¢cordon¢e with United Kingdom Generally Accepted Acunting Practice: and have been PTepaJtd in accordance with the requirements of the Companies Act 2006. B#$l$ for opinion We conducted our audit in accordance with Intemailonal Stsndards on Auditing IUKI IISAS {UKI} and applic&ble law. Our respon5ibilitie5 under those standards are further described in the Auditors, responsibiliiies for th¢ audit of the financial statements section of our retK)rt. We independent of the charitable company in accordance with the ethical rtquireTh¢nts that are relevant to our audit of the financial statements in the UK. inclllding the FRCS Ethical Standard. and we have fulfilled our other ethical Te5POll5ibilities in accordance with these TequiremenLs. We believe thai the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going eoncern In auditing the financial statements, we have concluded ihat th¢ rn25tees' use of the 80in8 conttrn basis of accounting in the preparation of the finartcial statements is appropriate. Based the work we have perfornied. we have not identified any marial uncertainties relating to events or conditions thaL individlla]ly or collectively, may cast signifi¢a¢)t doubl on ihe charitable company'5 ability to continue as a going concem for a p¢riod of at least twelve tnonths fmm when the financial siatemenls are auihori5ed for issue. Our responsibilities and the responsibilities of the tNstees with respect to going concem des¢ribed in the relevant Sections of this reTK)rt. Other infomation The trustees are responsible for the other infomiaiion. The other infomialion cornprise5 the information included in th¢ Annual RepoTL Other than the financial statements and our Report of the Independent Audiiors ther¢on. Our opinion on the fjnancial statements does not cover the oiher infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurdnce conclusion thereon. In connectthon with our audit of the financial staiemenls, our responsibility 15 to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial siatemenis or our knowledge obtaind in the audit or oiherwise appears to be materially tnisstsd. If we ideniify such material inconsistencies or apparent material misstatements, we are required to detemiine whdher this gives rise to a material mi55tat¢m¢nt in the financial siatements themselves. If, based on the work we have perfomied, we conclude that there is a materiai missthtement of this other information. we are required to rewrt that fact. We have nothing to report irt this regard. No audit w&s carried out on the 2023 accounts. Matters on which we thre required to report by exception We have nothing to rewrt in respect of the following tnatters where the Charities IAccounts and Reports) Regulations 2008 requires us to rew)rt to you if. in our opinion". the infortnation given in the Rewrt of ihe Trustees is incon5j5t¢nt in any materiAI respect with the financial statements,. or th¢ ¢h8ritable company has not kept adequate accounting rewrds., or the financial statements are not in agr¢etnent wilh the accounting records and tUrns,. or we have not rettived all ihe infomiaiion and explanation5 we require for our audit. Page 5
Report of the Independent Auditor5 to the Trustee5 of The Lemford Foundation Re5PDn5ibilities Of tr115tees As explained more fully in the Statement of Trustees, Responsibilities. the trustees (who are also the directors of the charitable company for the purp05¢s of COTnpany lawl are responsible for the preparation of the flnancial statements and for being satisfied that they give a true and fair vlew, and for such inlemal control a5 the trustees determine is necessary lo enable the ppatIon orrinancial statements that are free from material tnisstatetnenl, whether due to fraud OT emr. In preparing the financia] statements. th¢ mJsie¢s are responsibl¢ for assessing the chariiable company's abili¢y to continue #5 a going concem, di5c105ing, applicable, matters related to going concern and using the going concern basis of a¢¢ounting unless the trustees either intend to liquidate the charitable company or to ce&se operations, or have no realistic altern81ive bu¢ io do so. Our respDn5ibhlitie5 for the gudit of the fingncial stgtemtnts We have been appoint a5 auditors under Section 144 of the Charitie5 Act 2011 and report in accordance with the Act and r¢levanr regulaiions made tsr having effeci thereunder. Our objectives are to obtain reasonable &%surdnce abolli whher the financial staiemens as a whole are free from material misstaieTnent. whether due to fraud or error, and io issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of a55UTance, but Is noi a guarantee that an audit conducted in accordance with ISAS IUKI will always de1 a material mtsstatement when it exists. Misststements can aTise from fraud OT ejror and are considered material if, individually or in the aggregate, they ¢ould reasonably b¢ expecied 10 influen¢¢ the economic d¢ci5ion5 of users taken on the basis of these financial statements. We identified are&5 of law5 and re8ulations that could reasonably be expected to have a material effect on the financial siaiements. We design procedure5 in line with our respon5ibilitie5. Outlined above, to detect material rnisstatements in respeci of irregularities Inon-ctstnplianc¢ with laws and gUlatIOns1. including frdud. The extent to which our procedures are capable of deteeting irregularities, including fraud, is detsiled below= We hav¢ made enquirts of managemen¢ around Actual and ]X>tential litigation claims. The company is subject to laws and regulations that directly affect the financial statements ineluding financi8J reporting legislation, distributable profjts legislation. t&¥ation legislation and pension legislatitsn and we assessed the tnt of compliance with these laws and gulationS as pan of our procedures on the lated financial staiemen¢ items. We have miewed the financial Statement disclosures and testin8 to support documentation to assess compliance with applicable laws and regulations. We have considered the risks of manag¢m¢ni override of ¢ontyols, including through testing joumal enthes and other adjusttnents for appropriatene55. and evaluating the business rdtionale of significant transactions outside the nomial COllTse of business. A further description of our responsibilities for the audit of the financial slaternenis is located on the Financial RerK)rting Council's website at www.frc.or8.uklauditorsresp)nsibililies. This description fomis part of our Rew)rt of the Independent Audilots. Page 6
Report of the Independent Auditors to the Trustees of The IRMford FoundHtion Use of our rep)rt This report is made solely to the eharithle Company's trustees, as a body, in accordance wKth Part 4 of the Charitle5 (Accounts and ReTM)rtsl Regulations 2008. Our audit work has been undertaken so thai we might stale io the charitable company's trustees those niatters we are rquired to state to them in an auditors, rew)rt and for no oiher purw)se. To ihe fullest extent P¢Ttnitted by law. we do not accept or a55unie responsibility to anyone other than the charitable ¢ompany and the charithble company's trustees as a body. for our audit Work, for this r¢]x>r( tsr for the opinion5 we have forned. Attenboroughs IAc¢ountants) Limiied Ststutory Audiior Eligible to a¢1 as an auditor in iemis of Section 1212 of the Companies Aci 2006 l Tower House Tower Cenire Hoddesdon H¢rtfordshire ENII 8UR Date.. 1.¢7.11zo. Page 7
THE LEMFORD FOUNDATION Statement of Fingncial Activitte$ (Incorra1Ing Income And Expenditure Aeeountl for the year ended 31st M1h 2024 Period 1118122 Year Ended 3113124 Unreslricied fijnd 3113123 Total funds Notes INCOME AND ENI)OWMENTS FROM Donations and legacies 3.556.001 Investment income 65,140 Tot81 3.621,141 EXPENDITURE ON Raising funds 35.747 Charitable A¢tivitles Grants made 126,635 Other 13,530 1,165 Total 175.912 N¢t gains on investments 259.700 NET INCOMEI{EXPENDITUREJ 3.704,929 {1.165} RECONCILIATION OF FUNDS Total funds brought fotivard (1,165) TOTAL FUNDS CARRIED FORWARD 3,703.764 The note5 forn part of these financial statements Page 8
-rHF. I.F.IIF'I)RD Tr()I ND..%'I'II)N BAl#iif e %heei 31%1 Nl#rtli 2024 Unr¢siri¢l¥d Total fund5 N()ie C'I'RRF.N'r.ASSF.T 3.Id1.91)11 C'asli ai bank 8$ 3.7R6.340 85 C'Rb'l)I I'()R 11? $761 -7.70.3.7(14 -3.70.1.7()4 -1.701.7(14 3.7al.?(>4 'I'()'I'AI. .111)¥ cnilLd I l %1 MiirLh !11?4. I)IIPl1 riniy t1114111LIETrI %lRlciiicn15 which give a Iriic aiid laii. Vie ot. Ilic slate of 4Lffair5 of the cliaritable compan) a5 ThL%L linL?nLial StslLincn15 havL bLLii audilcd uiider Ilil Nxiiiireiiienlfi of S¢clii?n 14$ of the ('harilie5 ALI ?0 I I. 51al¢rnents wcre appN)ked b}, lh¢ Ai)(Ird of Trusi¢¢s d auihc)rised for issue on oW/i i£fyvl .,1 K C'OWLII --1 rusiLL Tlie notL fonn part of Ihcse fiiiancial staleiiient5
THE LEMFORD FOIINDATION C95h Flow Ststemtnt for the veAr ended 31st March 2024 Period 1118122 Year Ended 3113124 3113123 Notes C95h flows from operating aetivitles Cash generated from operations 3,391.940 85 N¢t cash provided by operating Activities 3,391,940 85 Cfish nows from inv¢sting letlvities Purchase of fixed asset investments Realised 8ainsllosses on investments Inl¢re51 Teceived 13.382,8731 67J 65.140 Net cash (used inyprovidtd by investing activities 13,3 57.0601 Change in cash ind cAsh equivalents in the rei)orting Iwri(rfl C*sh and c8sh equivolents at the beginning of the reporting perlod 74,880 85 83 Cish ind eash equivAlents At the end of the reportlng perlod 74.965 85 The notes fomi part of these financial sthtementS Page 10
THE LEMFORD FOUiYDATION iyotes to the C%5h Flow State¢1 for the V¢Ar ended 31st March 2024 REcof4ciLIATION OF NET INCOMEI{EXPENDITURE)TO NET CASH FLOW FROM OPERATIIYG AcfiviT5ES Period 1118122 YeJr Ended 3113124 3113123 Net incomellexpenditure) for the reporting ptrl(rtl {as per th¢ StAtement of Flnonelal Attivities) Adju5tMents for: Interest received Less unrealised gains on investments Increase in d¢biors Increase in ¢r¢ditors 3.704,929 165,1401 1259,7001 119.4751 31.326 1,250 Net eash provided by operAtlons 3.391.940 85 ANALYSIS OF CHANGES IN NET FIINDS At114123 Cash flow At 3113124 Ne¢ ¢•Jh C&8h at Imnk 85 74,880 74,965 85 74,880 74,965 Liquid rtsourceg Deposits includcd in Current assei invesimen¢5 3,641.900 3,641,900 3,641.9(M) 3,641,900 Totil 85 3,716.780 3,716,865 The notes form pan of ihes¢ financial statetncnts Pagell
THE LEMFORD FOUNDATION Notes to the FinAnciAI Sigtement$ for the year ended 31st lrth 2024 ACCOUNTING POLICIES Basis of preparing the finaneiil $t4temen15 The financial statements of the ¢harilAbl¢ company, which is a public benefit entity under FRS 102. hawe bee prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Rewrting by Charitics.. Statement of Recommended Pjxctice applicable lo ¢h¥ilies PTeparin8 their accounts in accordAnce with the Financial RertIng Swidard applicable in the UK aiid Republic of Ireland IFRS 1021 leffe¢iive l January 20191,. Financial Retx)rting Standard 102 'The Financial Rew)rting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2(K)6. The financial statements have been prepared under the histOTi¢al cos¢ convention. Income All income is recognised in the Stsiement of Financial Aciiviiies once the charity has enlitlemeni to the funds. Ll is probable that the inwm¢ will be received and the amouni be measured reliably. Expenditure Liabilities are recognised as cxpenditur¢ as s(x)n as there is a legal OT ¢onsiru¢iive obligAtion committin8 the charity to that expenditure. li is probable that 8 transfer of economic benefi15 will be required in settlement and the amouni of Ihc obligation ¢an be measured reliably. Expenditure is accounted for on an accnjals basis and has been classified under headings thai a&ggate all cost related 10 the ¢aiegory. Where c051S cannot be dire¢ily attributed to particulaT headings they have been allocAied lo activiti¢s on a basis consistent with the use of resources. Grants ofyered Sublt to ndItIONS which hav¢ not been mei Al ihe year end dale are noled as a Commiimeni but not Kcrued &% expenditure. Taxation The charity is exempl from corporation tsx on ils chariiable &ciiYities. Fun(1 gccouniin% Unrestricted funds can be used in acrdance with the charitable objectives at the discretion of the tnJ$t¢¢s. Reslricled funds Can only be used for particular restricted purIge5 within the objects of the charity. Rcstriclions arise when specified by ihe donoror whcn funds are raised for parti¢ulAr rcsiricted purposes. Further ¢xplanAtiort of the nature and purp)se of each fund is included in the notes ¢0 the financial statements. DONATIONS AND LEGACIES Period Year Ended 3113124 10 3113123 Donations Gift aid 2,844,801 711.200 3,556,001 Page 12 continued...
THE LEMFORD FOUNDATIOiY Notes to the Finantial Statements- continued for th¢ yegr ended 315t March 2024 INVESTMEiYf INCOME Period 1118122 to 3113r23 Year Ended 3113124 Dep)sit account interest Interest on gift aid t&x claitn Income from current asset investments 2,956 5.971 56,213 65,140 RAISING FUNDS Inve5trnent management ¢ost$ Period 1118122 Year Ended 3113124 3113123 SupkX)n ¢osts 35,747 CHARITABLE AcfiviTIES COSTS Grant fundin8 of activities (see noie 61 Grants made 126.635 GRATrs PAY ABLE Period 1118122 Year End 3113124 3113123 Grants made 126,635 The lot grants paid to institutions during the year was &s follows.. P¢ri¢)d 1118122 Year Ended 3113124 3113123 Grants mad¢ 126.635 Page 13 continued...
THE LEMFORD FOUND.4TION Note5 to the Fingncial St#tements- contÈnued for the yeAr ended 31$t llareh 2024 SUPPORT COSTS Governan¢¢ costs Finance Other Totsls Investment management Costs Other resources ¢xpended 35,747 300 35,747 13.530 1.704 11,526 36,047 1.704 11,526 49277 AUDITORS, REMUNERATION Period 1118122 Year Ended 3113124 3113123 Fees payable to the charity's auditors and their &sso¢ia¢es forthe audit of the charity's financial staternents 7,380 TRUSTEES, REMUNEIL4TION AND BENEFITS TheTe were rK) tnjstees, remuneration or other benefits for the year ended 31si March 2024 nor for the period ended 315t March 202J. Trusttts, expenses There were no trustees, expenses paid for the year ended 31st March 2024 nor for th¢ period ertded 31st Mch 2023. 10. COMPAILITIVES FOR THE STATEMEiYT OF FINANCIAL ACTIVITIES Unrestricted fund EXPENDITURE OIY Oth¢r 1,165 IYET INCOMEIIEXPENDITURE} TOTAL FUiYDS CARRIED FORWARD Page 14 Continued...
THE LEMFORD FOUNDATION Notu to the Fina¥Lei*l Statements- coiitlnued for the ye9r ended 3151 March 2024 DEvfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3113123 Accrutd income 19,475 12. CURRENT ASSET IIYVESTMENTS 3113124 3113r23 Listed investments 3,641,9)0 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3113123 Trade ¢trdiiors Other creditors Accrued expenses 1,704 200 30,672 2(K 1,050 32.576 1250 MOVEMENT IIY FUNDS Net movernent in funds At 3113124 At 114123 Unrestricted funds Gen¢Tal fund {1,165) 3.704,929 3.703.764 TOTAL FUNDS 11.1651 3,704.929 3,703,764 Net movement in funds, includ¢d in the alx>ve are as follows.. Incotning resources Resources expended Galns and losse5 Movement in funds Unrestricted funds GentTal fund 3,621.141 (175,912) 259.700 3.71.929 TOTAL FUNDS 3.621,141 1175.9121 259,700 3.704,929 Page 15 continued...
THE LEMFORD FOUNDATION Notes to the Financial StAtements- continued for the year ended 31st March 2024 14. MOVEMENT IN FUNDS- continued cornrAtiVeS for rnovement in funds Net movement in fvnds At 3113123 Unresirieted funds General fimd TOTAL FUNDS Comparaiiwe net movetnent in funds. included in the above are as follows: Incoming resources Resources expended Movement in fund5 Unrestrfcted funds Generdl fvnd TOTAL FUNDS 15. RELATED PARTY DISCLOSURES As at 31 Marth 2024. the charity owed N Coles, a inJste¢, £?(10 {2023 £200}. This amount is included withi creditors f[ing due in less than one year. Page 16
THE LEMFORD FOUNDATIOIY Detsil¢d Stfitement of FinAncisl Aetlvities for the year ended 31st March 2024 Peri1 1118122 Year Ended 3113124 Unrestri¢ted funds 3113123 Total fund5 INCOME AND ENDOWMENTS Donitlons And legi¢i¢s Donations Gift aid 2.844.801 711.200 3.556,001 InvestmeD¢ income De$1¢ awoun¢ iniere5t Ini¢rest on gift aid lax claim Income from current Set investments 2,956 56,213 65,140 Total In¢omlng resourctj 3.621,141 EXPENDITURE ChoritAble *etlvltl¢s GrAnls made 126,635 Support eosts FinAnee Bank charge5 Stock brokeTS charges 300 35.747 36,047 Other Web51te development costs 1,704 Governlnee cos Auditor5, remuneration Accountancy fees 7,380 4.146 1.050 11.526 1,050 Total resource5 expended 175.912 1.165 Net income before gains and losses 3.445,229 This page does not fomi part of ihe statutory finan¢ial statements Pa8e17
THE LEMFORD FOUND.4TION Detailed St&tement of Financial ActLVlties for the yegr ended 31st March 2024 Period 1118122 lo 3113123 Total funds Year Ellded 3113124 Unreslricied fvnds Reall$ed reeo%ni5ed ggins And losses Realis¢d gainOllosses1 on curreni asset investments 673 Net Ineome 3,445.902 This page does no¢ fomi part of the sts¢uiory flnancial slalements Pa8e 18