REGISTERED COMPANY NUMBER: CE029960 (England and Wales) REGISTERED CHARITY NUMBER: 1200034 Report of th¢ Tte&S Financial StAtements for the Year Knded 315t Mareh 21)25 for THE LEMFORD FOUNDATION Attenborougbs (Accountsnts) Limttrd Statutory Auditor l Tower House Tower Centre Hoddesdon Hertfordshire ENII 81JR
THE LEMFORD FOUNDATION Contents of the FinanclAI Statements for the year ended 31st MAreh 2025 Pagc Report orth¢ Trustees I to 4 Report of the Independent Audltor5 Staterntnt ofFlnallclal A¢tlvltles Balanee Sheet Cash Flow Statement 10 Notes to th¢ Cash Flow Statement Notes to the Flngnelal Staternents 12 to 17 Detalled Stalement ofFinanclal AetivStle$ 18 to 19
THE LEMFORD Fouf4DATION Report of the Trustees for the year end¢d 31st March 2025 The trustees who ar¢ also directors of the charity for the PUTpose5 of th¢ Compani&g A¢1 2006. present thetr report with the financial statemcnts of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charili¢5.' Slat¢Jnent of Re¢ommended Practice applicabl¢ to charities preparing their aOUnts in a¢¢ordan¢¢ with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (eff¢ctlv¢ L January 2019). OBJECTIVES AND AcrivrTIEs Objecllves and alms The obje¢ts of the charity are to advance Such ex¢lu$iv¢ly charitable purposes for the public ben¢fii (according to the laws of England and Wales) ag the charity tte¢S see fit, including but not limited to the provision of financial support for. i. the advancement of educatlon in particular bui not exclusively for individuals residing in the parish of Mursley in th¢ county of Buckinghamshlre who have need of su¢h assistance by rea90n of their financial hardship. 2. the relief of ihoso in need In (he porish of Mursley in the ¢ounty of Bu¢kinghamshlre by reoson of youth, ag4 ill-healih, disability, finan¢ial hardship or other disadvania8¢: 3. th¢ advartcemeni of religion by supportlng the malntenance, repairs and Improvements of Si Mary the vlr8in church in the parish ocmurslcy ID the county of Buckin8hamshir¢' 4. the promoilon of cornmunlty particlpation in h¢olthy recreation for Ihe benefit of tho Inhabitants of Buckinghamshire and BedfoTd5hire by Supporting facilities for playing amateur rugby and other assooiated 5POrts' and 5. th¢ conservationp prote¢lion and improvement of the physical and natural environmenl. Grantmaking In order lo meel our grant thndin8 ¢riteria, applicaiions will ne¢d to be by individuals or by or8aniSation$; the or88nisations will need to be a registered chArity or a not-for-profit. and both individuals and such organisations musi be abl¢ to demonstrate that th¢ primary purpose of the granl will be to help causes awociated wilh our obj¢ctives. IndividuBl$ artd organisations will also need to be abl¢ to an$wer"no" lo the initial hvo questions and b¢ prepared lo Comply with lh¢ requirements of th¢ third qu¢stlon:. l. Is the b¢n¢ficiary indivldual or orgoni$ation a pressure group or a ¢omp8ignln8 or political or88nisation? li. Do¢s the project aim to promote religion (other than Charitsble Obj¢¢t 3.) or politics of any kind. and does It ex¢lude any part of so¢iety7 lil. Have any of the members of the Boord of the beneficiary or8anisalion or any beneficiary individuals ever be convicted of an off¢nce involving dishonesty, or abuse of vulnerable people and. if bjll disc105ure at th¢ time of application is necessary for the Trustees deliberatlons. The charity mad¢ its rst granl on 2nd May 2023 and has continued to make contribute to good causes since that date. More inforn)ation on grants llde can be found here: htipS'.IA.thCleMfordfoulldatiOn.£0.ukIgrant-givenl
THE LEMFORD FOUNDATION Report of the Trustees for the year ended 31st Mareh 2025 STRATEGIC REPORT Achievejneots performan¢¢ Charltable Aetivities The dwity Continues to be m05t active in Buok]nghamshire and Bedfordshire. but does not limit its activities by geographic location. The ¢harity uses key pcrfomiance indicators and measures the quantity and quality of proje¢ls funded in the year by looking firsi at th¢ Kjcial impacts. After this the finoncial impacts are &%sessed lo ensure the charity is 8ble to suitably fjjnd oll grants that meet the charirie$ objectives. These projects have included: Communlty Developm¢nt Bucklngham Rugby Unlon Football Club Grant to assisc wilh the cost of improving faeilities for junior Rnd senior male and female players at the Buckingham Rugby Union Football Club Leighton Buzz8rd Rllgby Unlon Footbllll Club Grant to assist with the cost of improving facililies for femal¢ players Mursley Sports Assoclatlon Two ¢ontributinggran15 to assisl in coverlng the cost of replacing the play equipment in Ihe vlllage and improvtng access to ihe vllloge play ar¢a. Mursley Village Hall A grant lo cover essential repairs and improvements to Mur$ley Village HE411. Educatlonal Support A grant lo cover the fln81 year expenses of a swdent at The Guildhall School of Musi¢, London. A number of small grants were paid to young local people lo h¢lp further their edu¢aclon. Fundralslng a¢tivltle$ The Chariry at thls time relles ex¢lusively on investment Income to fimd its grant making actlvlty. At this time the Charlty does not actively seok additional donations but would welcome them ag and when they a5¢. Invislment performance The trust¢es are content with the perfomiance of the Foundatlon's investments, in spite of thE Investment challenges of volatile global markets. Princlpal rtsks and un¢¢rtalntles The trustees see the below as the key risks io the charitys activities: Future donations: The charity does not rely on n¢ar-tenn donations to coniinue its current level of 2rant tnaking. Investment market.. The f•oundation is reliant on invescment income to fund grants. Fluctuations in stock markets are a risk to the charity's ability io mak¢ fvwre grants. Page 2
THE LEMFORD FOUNDATION Report ofthe Trustees for the year ended 3Jst M#reh 2025 grRATEGIC REPORT Fin4M<ial and risk management objectives and polleies The charity has general reseryes of £3,738,612 at the end of the year. which is sufficient to cover the management and administrative exp¢n5es and the current level of grant rnaking for more than 20 years. The principal funding sources are gifts and retums on investments. The trustees have set the anllual budget at of the fund with the aim of preserving the value of the fllnd for the fvtur¢. The charity has adequate reserve5 to continue as a going concern for the foreseeable fijbjre. Future plans The Foundation will use its in¢ome and reserves lo follow its Taison tod'etre to provide grauts to support organisations and individuals into th¢ fvture. STRucfuRL GOVERNANCE AND MANAGEMEf4T Governing do¢llment The charity i5 controlled by its governing document. a dKd of trus( and ¢onstitut¢s a limited company. limited by guaTante¢, as defined by the Companies Act 2006. The charlty is ¢ontrolled by its governing document, a deed of trusL and coLstitutes a lirnited company, limited by guoranle4 as defined by the Companies Act 2006. The ¢harity 1$ controlled by its board of ttvstee5, who are 5ele¢ted based on their knowledge and experi¢nce. which are set out below. REFERENCE AND ADMINISTRATIVE DETAILS Regtstered Cornp#ny number CE029960 (England and Wale5) Registsred Charlty number 1200034 Regist¢red offlce Spring Cottage Mursley Milton KeIe5 Buckinghalljshire MK17 ORT Trnstees R N T Coles Chairman of Trustees Mrs M Coles AJNew A Rcowell Auditors Attenboroughs (Accountants) Limit¢d Statutory Auditor l Tower House Tower Centre Hoddd0 Hertfordshire ENI 18UR Page 3
THE LEMFORD FOUNDATION Report of the Truste for the year ended 31$É March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Adyisers LGT Wealth Management UK LLP Inv&stment Manager Fourteen Comhill London EC3V 3NR STATEMENT OF TRUSTEES, RESPONSIBILITtES The trustees (who are also the directors of The Lemford Foundation for the purpos¢5 of company law) are r&%ponsible for preparing the Report of the Trustees and the financtal statements in accordance with applicable law and UDited Kingdom AoUnting Standards (unit Kingdom Generally Accepted Accounting Practice). Company law requires the tThtee5 to prepare financial statements for each financial year. Under that law. Ihe tnlee5 have elccted prepare the finaneial statements in accordance with United Kingdom Generally A¢c¢pt¢d Accounting Pra¢ti¢¢ (United KiDgdom A¢counting Standards and applicable law). Under company law the trusr¢es must not approve the financial statements unless they are satisfied that they giv¢ a true and fair Yi¢w of lh¢ state of affairs of th¢ charitable compony and of the incoming resources and appli¢alion of resourc. including the income and exp¢nditur4 of the d)aritabl¢ company for that p¢riod. In preparing those fmancial staiem¢nts, the tru5te¢s are required to 5ele¢t suitable accounting poli¢ies and then apply them ¢onsist¢ntlytr observe the methods and principles in th¢ Charities SORP. mak¢ judgements and estimat¢s thai are reasonable and prudenL state whether applicable ac¢ounting standards have been followed. subject to any material departures di5¢1os¢d ond explained in the financial statements. prepare the financial statements on the gotng concern basis unless it is inappropriate to presume that the tharilable company will Continue in business. The trustees are responsible for k¢¢ping proper accounting re¢ords which disclos¢ with reasonable accurdcy at any time the finan¢Sal position of the charitable ¢tsrnpany and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable sws for the prevention and detection of fraud and other irregularilies. In so far as the tntstees are aware: there is no relewdnt audit infomation of which the charitable company's auditors are unaware. and thc trustees have laken all steps that they ought to have taken to themselves aware of any relevant audit inf¢)rnMtion and to establish that the auditors ar¢ aware of that infornmtion. AUDITORS The auditors. Attenboroughs (Aecountants) Limtte4 will be proEx)5ed for re-appointment at th¢ forthcoming Annual Generdl Meeting. Report of the tntees. incorporating a strategic report. approved by order of the board of trustees. as the company director4 on 21stNovember 2025 and signed on the board's haIr by-. RN T Cole5- Truste¢ Page 4
Report ofthe Independent Auditor5 to the Trustees of The Lmford Foundatlon Opinion We have audited the financial ststements of The Lernford Foundation (the 'charitable compaTryJ for the year ended 3 1st March 2025 which comprise the Ststement of Financial Activities, the Balance SheeL the Cath Flow Statement and notes to th¢ finanoial statements, including a summary of significant accountiDg policies. The f]nancial reporting framework that has becll applied in their preparation is appIlble law and United Kingdom Accounting Standards (United Kingdom Generdlly Accept Accounting Practice). In our OPinTon the financial statem¢nts.' give a true and fair view of the state of the charitable CoMpanS affairs &% at 31st March 2025 and of its incoming resources and application of resourcc5. including its income and expenditure, for thc year then ended. have been properly prepad in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordanrx with the requirements of the Companies Act 2006. Basi5 for opinio We conducted our audit in accordance wtth Int¢mional Standard5 on Auditing (UK) USAS (UK)) and applicabl¢ law. Our responsibilitie5 under those standards are further descnbed in the Auditors, reSnSIbIlitieS for the audit of the financial statements section of our report. We are independent of th¢ Charithble company in accordance with the ethical requirements that are relevant to our audit of the financial statem¢nts in th¢ UI( including the FRCS Ethical Standard. and we have fulfilled our other ¢thical responsibiliti in aordanCe with th¢s¢ requirements. We believe tha¢ the audit evidence we have obtained 15 5uffi¢ient and appropriate to provide a basis for our opinion. Conelusion5 relating to golng concern In auditing th¢ financial statement& w¢ have concluded that the tn]slees' use of the going ¢oncern basis of accounting in the preparation of fhe fll)ancial statements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties reloting to events or ¢onditions tha( individually or collectively? may ¢ast signifi¢ant doubt on the charicable companios ability to continue as a going ¢on¢¢rn for a period ofat least twelv¢ months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report. Other informatlon The trustees are responsible for the other inforn]ation. The other infOrntIon comprises the inforn)2lion included in the Annual Report, other than the fmancial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statetnents does not cover the other information and, except to the extenc otherwise explicitly stated in our report, we do not express any forni of assuran¢e conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiatiort altd, in doing $0. Consider whether the other information is tnatsrially inconsistent with the financial statements or our knowlcdge obtained IT) the audit or otherwise appears to be nteriallY misstated. If we identify such Tnaterial inconsistencie5 or appat m2terial Mitatements, we are requir¢d to deterniine whether this give5 rise to a malerial misstatement in the fu1¢1a1 statements thern5elves. If. b&8ed on the work we have perfornied, we conclude that there is a material tnisstatement of this other inforniatiOD, we Bre required to report that fact. We have nothing to report in this regard- Matter5 on which we Jre reqired to report by exceptio We have nothing to report in respect of the following matters where the Charities (Accounts and Report5) Regulmtions 2008 requires us to report to you if, ID our opinion- the information giv¢n in tlie Report of the TTUStees is inconsistent in any material respect with the financial statements. the charitable company ha5 not kept adequat¢ accounting records. or th¢ financial stat¢men(s are not in agreement with the a¢UtIng OrdS and returns. or we hav¢ not r¢¢¢iv¢d all th¢ infornTrtion and explanations w¢ r¢quir¢ for our audit Page 5
Report ofthe Independent Auditors to tht Trustees of The Lethford Foundation Responslbilities of trustees As explained more fijlly in the Staiement of Trustees, Responsibilitie4 th¢ tnteeS (who are also the directors of the charitable company for the purposes of ¢ompany law) are responsible for the preparation of the financial statements and for belng satisfied that they give a true and fair view, and for such internal control as the tntsiees deterniine 1$ necessary io enable the preparation of financial statements that are free from material mis51atement. whether du¢ to fraud or error. In preparing ihe financial statements, the trustees are responsible for assessing the chariiable compan$ ability to continue as a going concern, disclosing, &s epplicable. matters related to going coneern and using the going cortc¢m basis of accounting unless the trustees elther intend to liquidaie ih¢ charitable ¢ompany or to cease operations, or have no realis¢i¢ alternative but to do so. Our responsibllltle$ for the audlt of th¢ finan¢141 staterntnts We have been appointed as auditors under Sectioo 144 of the Charities Act 2011 and report in accordance with the A¢t and relevant regulation5 made or having ¢ff¢¢¢ th¢under. Our obj¢¢lives ar¢ to obtain reasonable assurance about whether the finBncial slat¢ment$ as a whole ar¢ free from materi81 misstatemeni, wh¢ther duc to fraud or error, and io issu¢ a Report of th¢ IDdepend¢nl Audiiors that includ¢s our opinion. Reasonable aSSUTance is a high level of assur8n¢¢, but 15 nor a guargntee that an audit conducted in 8ccordance with ISAS (UK) will 01ways detect a material misstatemcnt when il exists. Misslalem¢nts can arise from fraud or error and ar¢ Considered material if. individually or in ¢h¢ aggregate, Ihey could reasonably be ¢xp¢cted to Influ¢nrK the economic declsions of users taken on the basis of these fsnancial statements. The extent io whith our procedures are cap&blo of detectiDg irregularities, Including fraud 15 detailed below: We identified area5 of laws and regulation5 Ihal could reasonably be exp¢cied to have a material etrect on ¢h¢ financial 51al¢menl$. We design procedures in line with our responsibilitie& outlined above, to detect mawrial mi5slalemenls In resp¢¢t of irrogularities (non-complience with laws and regulations), including fraud. The exteni io which our procodures are eapoble of detecting irregularlties, includiD8 fraud. is detailed below: W¢ have made enquire5 of management around actual and potential litigation claims. The company is subject to laws and regulations that direci5y affect the financial slatements including flnancial reporting legislation, distributable profits legislation, taxation legislation and pension l¢gisl8tion and we assessed the extent of COTnplian¢e with these laws and regulaiions as part of our procedures on the relgted t5nan¢ial ststement ilen. We have reviewed the finan¢ial gtatement disclosures and testing io Support dooum¢ntation to assess ¢omplian¢e wlih applicAbl¢ laws and regulailons. We have ¢onsider¢d the rl8ks of m8n8gement OVeIde of controls, including through testing journal entrle8 and oih¢r adju5(rn¢rtis for appropriatenes4 and ¢valualing th¢ bu$lnesg rationale of significant transoclions out$ide the nomiol ¢ourso ocbusiness. A furth¢r des¢riplion of our responslbilities for tho audit of the financial slatements 15 local¢d on th¢ Financial Rq)orting Council's website at www.frc.or8.uklauditorsr¢sponsibililies. This deriPtIOn fornis part of our R¢port of the Independent Auditors. Page 6
Report of th¢ Independent Audltor5 to the Trnstees of The Lemford Foundation Use of our report This report 15 Jnade solely to the ¢haritable compaDys trustee4 as a body. in accordanee with Part 4 of the Charities (A¢¢ounts and Reports) Regulations 2008. Our audit work ha8 been undertaken w that we might state to th¢ eharitable company's tTUSt¢es those matters w¢ required to state to them in an auditors. report and for no other purpose. To the fullest ¢xtent pemiitted by law. we do not accept or &ssume rcstx)nsibility to anyone other than the charitable company and the charitable companys tN5tees a5 a body, for our audit work, for this report, or for the opiniollS we have fomied. Att¢nboroughs (Accountsnts) Limited statOry Audttor Eli1¢ to act as an auditor in ternjs of Section 1212 of the Companies Act 2006 l Tower Hou5¢ Tower Centr¢ HodddOn Hertfordshir¢ ENII 8UR 2.*....¢L-...aI( Page 7
THE LEMFORD FOUNDATION Statement of Fln8ndal Activities ncorporating #n Income and Expendithr¢ Aeeount) for tbe year ended 31st March 202S 3113125 Unrestrideil fid 31nr24 Total fimds Notes Ir4COME AND ENDOWMENTS FROM Donations and lec]eS 187.501 3,556,001 Investment income 85.883 65,140 Tot31 273.384 3,621,141 EXPENDrruRE ON Raising fi]nds 46.956 35.747 Charltable 4ctivitie4 Grants made 101,054 126,635 Other 11,507 13,530 Tol81 159.517 175,912 Net gainsl(losses) on investments (79,019) 259.700 NET INCOME 34.848 3.704.929 RECONCILIATION OF FUNDS Total fimds brought fonvard 3.703,764 (1.165) TOTAL FUNDS CARRIED FORWARD 3.738,612 3,703,764 Th¢ notes forn] part of these FanCIal statements Poge 8
THE LEMFORD FOUNDATION BalaDce Sheet 31st March 2025 3113ll5 Unrestricted fimd 3113124 Total funds Notes CURRENT ASSETS Debtors Inves(menls Cash at bank 32.611 3.699.668 28.541 19.475 3.641.900 74.965 12 3,760.820 3.736J40 CREDITORS Amounts falling due within one year 13 (22.205) (32.576) NET CURRENT ASSETS 3,738.612 3,703.764 TOTAL ASSETS LESS CURRENT LIABILMES 3.738,612 3.703.764 NET ASSETS 3,738,612 3.703,764 14 Unrestrict¢d funds 3,738,612 3,703.764 TOTAL FUNDS 3,738,612 3.703,764 The charitable company is ¢nutled to exemption from audit under Sedion 477 of the Companies Aet 2006 for the year ended 31$¢ March 2025. The rnembers have not deposited noti¢e. pursuant to Se£tion 476 of the Companies Act 2006 requiring an audtt of these financial statements. The trteeS acknowledge their responsibilities for (a) ensuring that the charitable cornpany keeps accoun(ing records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing fmancial statements which give a true and fair vi¢w of the state of affair5 of the charitable compaDy as at Éhe end of each fjnancial year and of ils surplus or deficit for each f]nanoial year in accordance with the requirc]nents of Sections 394 and 395 and which otherwise cornply with the requireTnenÉs of the CompaDiCS Act 2006 relating to fmancial statements. so far as appltcable to the charitable cornpany. Thesc financia] statements have been audited under the requircrnellts of Section 145 of the Charities Act 2011. The fmancial statemellts were approved by the Board of Trustees and authorised for issue on 21st November 2025 and were signed on its behalf by.. RN T Col¢s- Trustee The notes fomi part of these finanrial ststements Page 9
THE LEMFORD FOUNDATION Cash Flow Statement for th¢ year ended 3Jst Mareh 21125 3113r25 3113r24 Notes Cash nows from operating activities C&sh generdted froln operations {63,259) 3.391,940 Net cash (used inyprovided by operdting adivities (63.259) 3.391.940 Cash t]ows from investing activities Purchase of fixed asset investtnents Realised gains1105ses on investments Interest r¢¢eived (57.768) (11,280) 85.883 (3.382,873) 673 65.140 Net cash provid¢d byl(used in) invesiing activities [6.835 13.317.060) Cbange In c45h and ¢a$h equlvalents in the reporting perlod Cash and c#$h equlyalents at the beginning of the reporting perlod (46.424) 74.880 74.965 85 Cash and cash equlvalents at.the end of the reportlng perAod 28,541 74,965 The notes fom) part of these financlal stsl¢ments Page 10
THE LEMFORD FOUNDATION Notss to the Cash Flow Statement for the year ended 31st March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcrivrriES 3113125 3113n4 Net income for th¢ reporting period (a5 per the StatemeDt of FiDiiIieiAI Actiyities) Adjvstments for: Losses on invesknents Interest rcceived Less unrealised gains on investments Increase in debtors (Decreaseyincrease in creditor5 34,848 3.704,929 79.019 (85.883) (67.739) (13.136) (10,368) (65.140) (259.700) (19.475) 31,326 Net cash (used in)Iprovided by operations (63,259) 3.391.940 ANALYSIS OF CHANGES IN NET FUNDS At 114n4 Cash flow At 3113r25 Net cash Cash at bank 74,965 (46.424) 28.541 74,965 (46,424) 28,541 Liquid resources Deposits included in ¢ath CunI asset investments 3.641.900 57.768 3,699,668 3.641,900 57.768 3,699,668 Totsl 3,716.865 11,344 3,728,209 The notes forni part of these finau¢ial stsrements Pagell
THE LEMFORD FOUNDATION Notes to tbe FlnaDcial St&tsment$ for the year ended 31st Mareh 2025 ACCOUNTING POLICIES Basis ofpreparing the flnancial statements The financial stalernents of the charitablc co]npany, which is a public benefit entity under FRS 102, have been preprtred in accordancewith the Charitie5 SORP (FRS 102)'Accountillg and Reporting by Chariti&s'. Statement of Recommendcd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Rqxjrting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companie5 Act 2006. The fiDancial stetements have been prepared under the historical cost convention. Income All income ts r¢¢ognis¢d in the Statement of Financial Activities once the ¢harity has entitlement to the funds. it is probable that the inwme will be received and th¢ amount can be mea5ur¢d r¢liably. Expenditure Liabilities are recogni5ed as tndItUre as 500n as there is a legal or construdive obligation committing th¢ charity to tha¢ exp¢nditure, it is probable that a transfer of economic benefits will be required tn s¢ttlement and the amount of the obligation can be measured reliably. Bxpenditure is accounted for on an a¢¢al$ basi5 and has been classified under h¢adings that aggregate all cost related to the ¢ategory. Where costs cannot be directly attributed io particular headings they hav¢ been allocated to activities on a basis consistent with the use of resources. Grants offered subject to condiiions which have not been met at the year end date are noted &$ a commitment but not ac¢ru¢d 8$ ¢xpend1ttC. Taxatlon The charity ts exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the dis¢retion of the trustee5. Restricted funds can only be used for parti¢ular restricted purposes within the objects of the charity. Restrictions arise when specffied by the donor orwhen fijnds are rdtsed for particular restricted purposes. Further explanation of the nan]re and pUOSe of each nd is included in the note$ to th¢ fllrdncial statements. DONATIONS AND LEGACIES 3113125 3113124 Donations Gift aid 150.001 37,500 2.844,801 711.200 187.501 3,556,001 Page 12 continued...
THE LEMFORD FOUNDATION Notes to th¢ Flnancial StRtsments- eontinued for the year ended 31st March 2025 INVESTMENT INCOME 3113r25 3113124 Deposit account interest Inlerest on gift aid tax claim Income from ¢llnt &sset investtnents 1271 2.956 5.971 56213 84,612 85.883 65,140 RAISING FUNDS Jnvestment management costs 3113125 3 l13124 Support costs 46.956 35.747 CHARITABLE ArIIqTlEs COSTS Grant. fimding of activities (see note 6) Grants made 101,054 GRANTS PAY ABLE 3113125 3113f24 Grants made 101.054 126,635 The total paid to InStitIonS during ihe year w&8 as follows.. 31tsr25 3113124 Grdnts made 101.054 126,635 Page 13 continued...
THE LEMFORD FOUNDATION Notes to the Finan¢181 Statements- contirtved for the year ended 31st March 2025 SUPPORT COSTS GovemallC¢ Finance Totals Investment malgement costs ott resources expended 46.956 283 46,956 11.507 11.224 47.239 11224 58,463 AUDITORS, REMUNERATION 3113f25 3113f14 Fees payable to the charity's auditor5 and their a550¢iates for the audit of the charity's financial ststernents 7,750 7,380 TRUSTEES, REMUNERATION AND BENEFITS There were no tN5t¢es'remuneration or other benefits for th¢ y¢ar ended 3 1st March 2025 nor for the year ended 315t March 2024. Tru5tef5' expenses Th¢re were no trustees. expenses paid for the year ended 315t Mah 2025 nor for the year ended 31s¢ March 2024. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIKS Unrestricted nd INCOME AND Ef4DOWMENTS FROM Donations and legacies 3,556,001 Investment income 65,140 TotRI 3.621,141 EXPETrIDITURE ON Raising funds 35.747 Charit8ble Actxvities Grants made 126,635 Other 13.530 Total 175,912 Net gains on investments 259,700 NETINCOME 3.704,929 Page 14 ¢ontinued...
THE LEMFORD FOUNDATION Notes to the FinanclAI Statements- Continued ror the year ended 31st Mireh 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- ¢ontlnued Utrestricted fimd RECONCILIATION OF FUNDS Total fund5 brought forward (1.165) TOTAL FUNDS CARRIED FORWARD 3,703.764 ii. DEBTORS: AMOUF4TS FALLING DUE WITHIN ONE YEAR 3113r25 3113124 A¢crued income 32.611 19,475 12. ciJRREr AET INVESTMENTS 3113r25 3113124 Listed investm¢nfS 3.699,668 3.641,900 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113f25 3113124 Trade CrlI0rS Other Creditors Accrued expenses 1,704 200 30,672 200 22,008 22208 32,576 14. MOVEMETrrr JN FUNDS Net movement in funds At 3 IrJ125 At l14n4 UDrestri¢ted funds Genernl fund 3.703,764 34.848 3,738.612 TOTAL FUNDS 3.703.764 34,848 3,738.612 Page 15 onfinued...
THE LEMFORD FOUNDATION Notes to the FffinAneial Statement$- eontlnued for the year ended 31st March 2025 14. MOVEMENT IN FUNDS- coutlnu¢d Net movement in lld8. in¢lud¢d in the above are a5 follows: Incoming resources R¢sour¢¢s expcnded Gains and losses Movement in funds Unrestricled funds General fund 273,384 (159,517) (79.019) 34,848 TOTAL FUNDS 273.384 (159,517) (79,019) 34,848 Comparallves for movement In funds N¢t movement in fund5 At 3113124 At 114123 Unrestricted fund$ General fund (1.165) 3,704,929 3,703,764 TOTAL VUNDS (1,165) 3,704,929 3,703,764 Comparaiive net movement in fund8, included in the above are as follows.. Incomlng resourc¢s ResOUe5 oxpended Galns and losso$ Movement In fvnds Unrestrlcled funds General fvnd 3,621,141 (175,912) 259,700 3,704,929 TOTAL FUNDS 3,621,141 (175.912) 259,700 3.704,929 A current year 12 months and prior year 12 months combined position is as follows.. Net rnovement in funds At 3113125 At 114123 Unrestrl¢ted ndS General fvnd (1,165) 3,739.777 3,738,612 TOTAL FUNDS (1.165) 3.739,777 3,738.612 Page 16 continued...
THE LEMFORD FOUNDATION Notes to the Financial Statem¢nts- eontlnued for the year ended 31st March 21125 14. MOVEMENT IN FUNDS- contlttued A current year 12 months and prior year 12 months combined net movernen¢ in fimds, included in the above are as follows: Incoming resources Resollrees expend Gains and losses Movement in funds UDrestricted funds General fvnd 3.894.525 (335,429) 180.681 3.739.777 TiYfAL FUNDS 3,894.525 (335.429) 180.681 3.739,777 15. RELATED PARTY DISCLOSUR As at 31 March 2025, the charity owed N Coles. a trustee, £200 (2024 - £200). This amount is included within cr¢ditots falling due in1¢$9 than one year. Pag¢ 17
THE LEMFORD FOUNDATION Detalled StstemeDt of Flnanelal Activities for the yegr ended 31st March 2025 3113125 Unrestricted funds 3113r24 Total funds INCOME AND ENDOWMEf4TS Donations and legacie5 DonatlOIlS Gift aid 150,001 37.500 2,844,801 711200 187.501 3.556.001 IMvestm¢nt income Deposit account interest Int¢rest on gift aid tsx ¢laim Income from current ass¢t investments 1,271 2,956 5.971 56,213 84.612 85,883 65,140 Total Incoming re50ur¢es 273.384 3.621.141 EXPEf*DITURE Charitable activities Grancs made 101.054 126,635 Supporteosts Finallce Bank charges ock brokers charges 283 46,956 300 35,747 47239 36.047 Other Website development costs 1.704 Governance costs Auditors, remuneratitsn Accountancy fees 7,750 3.474 7.380 4,146 11224 11.526 Total resources expended 159,517 175,912 Net income before gaill5 lomes 113.867 3.445229 Realised rffognised gains and Ios5e5 caled forward 113.867 3,445229 Thi5 page does not forni part of the Statutory financial slat¢m¢nts Page 18
THE LEMFORD FOUNDATION Detailed Sthtsment of Finanelal Aetlvlti for the yr ended 31st Marcb 202S 3113r25 Ullre5tricted fi]nds 3113124 Total funds Realised re£ognised gains and losses Brought forward Realised gains/Oosse5) on Current asse¢ inv&siments 113.867 3.445.229 (11,280) 673 Net iDeome 102,587 3.445,902 This p8ge does not fonn part of the statutory fllmncial statements Page 19