```
REGISTERED COMPANY NUMBER: 14054561 (England and Wales)
REGISTERED CHARITY NUMBER: 1202673
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
```
REPORT OF THE TRUSTEES AND
```
```
UNAUDITED FINANCIAL STATEMENTS
```
```
FOR THE YEAR ENDED 30 APRIL 2025
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025`**
|||**`Page`**||
|---|---|---|---|
|**`Reference and Administrative Details`**||`1`||
|**`Report of the Trustees`**|`2`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Statement of Financial Position`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`11`|
|**`Detailed Statement of Financial Activities`**||`12`||
```
THE DUNCAN & TOPLIS FOUNDATION
```
```
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 APRIL 2025
```
|**`TRUSTEES`**|`T A Banos`|
|---|---|
||`K Botley`|
||`A N Reynolds`|
||`N A Kingsley`|
||`R E Barrett`|
||`A W Main`|
|**`REGISTERED OFFICE`**|`3 Castlegate`|
||`Grantham`|
||`Lincolnshire`|
||`NG31 6SF`|
|**`REGISTERED COMPANY NUMBER`**|`14054561 (England and Wales)`|
|**`REGISTERED CHARITY NUMBER`**|`1202673`|
|**`INDEPENDENT EXAMINER`**|`Hood Parkes & Co`|
||`1st Floor`|
||`28 Market Place`|
||`Grantham`|
||`Lincolnshire`|
||`NG31 6LR`|
|**`BANKERS`**|`HSBC`|
||`88 Westgate`|
||`Grantham`|
||`Lincolnshire`|
||`NG31 6LF`|
```
Page 1
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended30April2025.ThetrusteeshaveadoptedtheprovisionsofAccounting and
Reportingby Charities:Statementof RecommendedPracticeapplicableto charitiespreparing their accountsin accordancewith the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Topromotesuchcharitablepurposesforthepublicbenefitasthetrusteesshallthinkfit,includingbutnotlimitedto,therelief of
poverty,the advancementof education,the advancementof health,the advancementof citizenshipand community development,
theadvancementofarts,cultureheritageorscience,theadvancementofamateursport,theadvancementofhumanrights, the
advancementof equalityand diversity,the advancementof environmentalprotectionor improvement,the reliefof thosein need
by reasonofyouth,age,ill-health,disability,financialhardshipor otherdisadvantageand the advancementofanimalwelfare and
thepromotionoftheefficiencyofthearmedforcesoftheCrown,thepolice,fireandrescueservicesorambulanceservices or
other such purposes recognised from time to time by law as charitable.
```
## **`Significant activities`**
```
Our third financial year saw a significant increase in income.
```
```
InSeptember2024anumberofDuncan&Toplisteammembers,theirfriends,familyandsomeprofessionalcontacts completed
the Yorkshire Three Peaks Challenge raising over £7,000 in sponsorship and donations for the Duncan & Toplis Foundation.
```
```
WewerealsoincrediblygratefultobeselectedbythemensandladiesclubcaptainsofWoodhallSpaGolfClubasoneof their
chosen charities for the year and through the various events and fundraising initiatives they organised we received £5,371.
```
```
WecontinuedtoreceivesupportfromDuncan&ToplisLimiteditselfwhoprovidedafurtherdonationtotheFoundation of
£15,000essentiallymatchfundingthe amountsraisedby team membersto that date.A further£5,000was donatedto the charity
byDuncan&ToplisLimitedwiththespecificpurposeofpassingthistotheLincolnshireAgriculturalSocietytosupport their
educational centre.
```
```
Duncan&ToplisLimitedalsosetupapayrollgivingschemewiththeCharitiesTrustandasaresultanumberofteam members
have chosen to give monthlydonationsto the Foundationthrough this scheme. As at 30 April 2025 £600 had been donated through
this scheme.
```
```
OtherfundraisingactivitiesoccurredthroughtheyearincludingaSpookyBakeSale,aChristmasProfessionalQuizandone team
member who won a place to take part in the London Marathon to raise funds for the Duncan & Toplis Foundation.
```
```
WewouldliketothankDuncan&ToplisandallDuncan&Toplisteammemberswhomadeadonation,organised fundraising
eventsat their localoffices,or tookpart in eventsduring the year to raise moneyfor the Foundation.Your supportand fundraising
is hugely appreciated and we have been able to offer even more financial support to some fantastic organisations as a result.
```
```
Grants totalling£13,792were made to seventeencharitiesin our communitiesthat had submittedapplicationsfor fundingthat fell
within our focus areas for 2024/25. Our focus areas were:
```
- `1 Arts and creativity - supporting local artists and promoting cultural diversity in our region.`
- `2 Community spaces - creating free access activity areas for local primary age children.`
- `3 Food and shelter - working with local charities to help local vulnerable people feed families and find shelter.`
- `4 Mental health - work with local groups to educate individuals and organisations in understanding mental health and emotional wellbeing.`
- `5 Palliative care - keeping long term and end of life patients close to their families.`
- `6 Work for young people - creating local career and learning opportunities for 16-18 year olds.`
```
Details of the charity's we are proud to have been able to support during the period are shown in the note 3 to the accounts.
```
## **`Public benefit`**
```
The trustees confirm they have had due regard to the Charity Commissions Guidance on public benefit.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
```
See Significant Activities section above.
```
```
Page 2
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025`**
## **`FINANCIAL REVIEW`**
```
DuringtheperiodtheDuncan&ToplisFoundationreceiveddonationstotalling£39,704andprovidedgrantsof£13,792.At the
period end the Duncan & Toplis Foundation had £21,968 in cash at bank and £22,219 in free unrestricted reserves.
```
```
As the foundationhas no committedor expectedcostsit is not considerednecessaryto have a policyof maintaininga certain level
of reserves.
```
```
All costs of the foundation are covered by Duncan & Toplis Limited.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charityis controlledby its governingdocument,which is its Memorandumand Articlesof Association,and constitutesa limited
company, limited by guarantee, as defined by the Companies Act 2006.
```
## **`Recruitment and appointment of new trustees`**
```
The minimumnumberof trusteesas set out in the Charity'sArticlesis three.Theirare currentlysix trusteeswhichwere appointed
onestablishmentofthecharityandatthetimeofincorporation.Futuretrusteeswillberecruitedbasedontheirskills and
experienceand will receiveappropriatetrainingregardingtheir trusteesresponsibilitiesas well as being providedwith the relevant
Charity Commission Guidance.
```
```
Trustees are appointed by ordinary resolution.
```
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.
```
17/01/2026
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
..............................................................................
```
```
N A Kingsley - Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE DUNCAN & TOPLIS FOUNDATION
```
## **`Independent examiner's report to the trustees of The Duncan & Toplis Foundation ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2025.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Actand are
eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccountsas carriedout under Section
145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbythe Charity
Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
I have completedmy examination.I confirmthat no mattershave cometo my attentionin connectionwith the examination giving
me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
I have no concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Thea Hood FMAAT
```
```
Hood Parkes & Co
1st Floor
28 Market Place
Grantham
Lincolnshire
NG31 6LR
```
`Date: ..` 17 January 2026 `.....`
```
Page 4
```
## **`THE DUNCAN & TOPLIS FOUNDATION`**
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025`**
|`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`34,704`
`5,000`
**`EXPENDITURE ON`**
**`Raising funds`**
`Raising donations and legacies`
`3,945`
`-`
`3,945`
`-`
**`Charitable activities`**
`Grants paid to charities`
`8,792`
`5,000`
`Other`
`900`
`-`
**`Total`**
`13,637`
`5,000`
**`NET INCOME/(EXPENDITURE)`**
`21,067`
`-`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`1,152`
`-`
**`TOTAL FUNDS CARRIED FORWARD`**
`22,219`
`-`|`2025`
`2024`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`39,704`
`5,875`
`3,945`
`5`
`3,945`
`5`
`13,792`
`7,100`
`900`
`-`
`18,637`
`7,105`
`21,067`
`(1,230)`
`1,152`
`2,382`
`22,219`
`1,152`|`2025`
`2024`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`39,704`
`5,875`
`3,945`
`5`
`3,945`
`5`
`13,792`
`7,100`
`900`
`-`
`18,637`
`7,105`
`21,067`
`(1,230)`
`1,152`
`2,382`
`22,219`
`1,152`|
|---|---|---|
|||`5`|
|||`5`
`7,100`
`-`|
|||`7,105`|
|||`(1,230)`
`2,382`|
|||`1,152`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`STATEMENT OF FINANCIAL POSITION 30 APRIL 2025`**
|`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`CURRENT ASSETS`**
`Debtors`
`7`
`1,151`
`-`
`Cash at bank`
`21,968`
`-`
`23,119`
`-`
**`CREDITORS`**
`Amounts falling due within one year`
`8`
`(900)`
`-`
**`NET CURRENT ASSETS`**
`22,219`
`-`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`22,219`
`-`
**`NET ASSETS`**
`22,219`
`-`
**`FUNDS`**
`9`
`Unrestricted funds`
**`TOTAL FUNDS`**|`2025`
`Total`
`funds`
`£`
`1,151`
`21,968`
`23,119`
`(900)`
`22,219`
`22,219`
`22,219`
`22,219`
`22,219`|`2024`
`Total`
`funds`
`£`
`-`
`1,152`|
|---|---|---|
|||`1,152`
`-`|
|||`1,152`|
|||`1,152`|
|||`1,152`|
|||`1,152`|
|||`1,152`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 April 2025.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30April2025 in
accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
These financialstatementshave been preparedin accordancewith the provisionsapplicableto charitablecompaniessubjectto the
small companies regime.
```
`The financial statements were approved by the Board of Trustees and authorised for issue on .............................................` 17/01/2026 `and were signed on its behalf by:`
```
.............................................
```
```
N A Kingsley - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,havebeen prepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
andRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshave been
prepared under the historical cost convention.
```
```
The financial statements contain information about The Duncan & Toplis Foundation as an individual charitable company.
```
```
The financial statements are presented in £ Sterling and are rounded to the nearest pound.
```
```
The Duncan & ToplisFoundationis a privatelimitedcompany,limitedby guarantee,incorporatedin Englandand Wales. Its
registered office is 3 Castlegate, Grantham, Lincolnshire NG31 6SF
```
```
The charitable company is a public benefit entity as defined by FRS102.
```
```
The accounts have been prepared on a going concern basis which the trustees consider appropriate.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitmentbut not
accrued as expenditure.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`2.`**
## **`DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
|`Donations`
`Gift aid`|`2025`
`£`
`39,453`
`251`
`39,704`|`2024`
`£`
`5,875`
`-`|
|||`5,875`|
```
continued...
```
```
Page 7
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025`**
## **`3. GRANTS PAYABLE`**
|**`GRANTS PAYABLE`**|||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`Grants paid to charities`|`13,792`|`7,100`|
```
The following charities were supported during the period:
```
|`Charity`|`Project`
`Area`|`Amount`|
|---|---|---|
||||
|`Backlit`|`Towards online information hosting space`
`Nottingham`|`£250`|
|`Lincolnshire Agricultural`
`Society`|`Towards educational centre`
`Lincolnshire`|`£5,000`|
|`Nottinghamshire Club for`
`Young People`|`Towards youth club equipment`
`Nottinghamshire`|`£200`|
|`Lincoln Unit Sea Cadet Corps`|`Towards kitchen upgrade`
`Lincoln`|`£250`|
|`Boston Women's Aid`|`Towards redecoration and refurbishment of a`
`Boston`
`room`|`£1,000`|
|`Skegness Day Centre`|`Towards setting up of a memory café`
`Skegness`|`£500`|
|`Spalding Hockey Club`|`Towards club growth, operations and activities`
`Spalding`|`£500`|
|`Beaumond House Hospice`
`Care`|`Towards equipment for wellbeing therapy`
`Newark`|`£952`|
|`The Boston Preservation Trust`
`Limited`|`Towards development of community space and`
`Boston`
`preservation of historic building`|`£500`|
|`Our Hall Louth`|`Towards cultural and business hub`
`Louth`|`£500`|
|`Alford Community Trust`|`Towards trailer and equipment`
`Lincolnshire`|`£500`|
|`Lincoln and Lindsey Blind`
`Society`|`Towards their frontline financial services advice`
`Lincolnshire`
`and support for visually impaired`|`£500`|
|`Age UK Lindsey`|`Towards Christmas lunch`
`East Lindsey`|`£150`|
|`Lindsey Rural Players`|`Towards car park renovation for local community`
`Lincolnshire`
`theatre`|`£500`|
|`Bourne Town Hall Trust`|`Towards restoration of listed building into an arts`
`Bourne`
`centre and community hub`|`£500`|
|`Raising Health`|`Towards equipment for treatment of depression`
`Leicestershire`|`£990`|
|`Bottesford Repair Café`|`Towards set up and operational costs of a`
`Nottinghamshire`
`community repair café`|`£1,000`|
||||
|`Total grants paid`||`£13,792`|
||||
## **`4. INDEPENDENT EXAMINERS' REMUNERATION`**
|**`INDEPENDENT EXAMINERS' REMUNERATION`**||||
|---|---|---|---|
||`2025`|`2024`||
||`£`|`£`||
|`Independent examination fees`|`900`||`-`|
```
As noted in the relatedparty disclosurein note 10 the independentexaminersfees will be paid by Duncan& Toplis Limited
who cover all costs of the Duncan & Toplis Foundation. The fees stated above are inclusive of VAT.
```
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30April2025norfortheyear ended
30 April 2024.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
```
```
continued...
```
```
Page 8
```
## **`THE DUNCAN & TOPLIS FOUNDATION`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025`**
|**`6.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||||||
|---|---|---|---|---|---|---|
|||`Unrestricted`|||`Restricted`|`Total`|
|||`fund`|||`fund`|`funds`|
||||`£`||`£`|`£`|
||**`INCOME AND ENDOWMENTS FROM`**||||||
||`Donations and legacies`||`875`||`5,000`|`5,875`|
||**`EXPENDITURE ON`**||||||
||**`Raising funds`**||||||
||`Raising donations and legacies`|||`5`|`-`|`5`|
|||||`5`|`-`|`5`|
||**`Charitable activities`**||||||
||`Grants paid to charities`|`2,100`|||`5,000`|`7,100`|
||**`Total`**|`2,105`|||`5,000`|`7,105`|
||**`NET INCOME/(EXPENDITURE)`**|`(1,230)`|||`-`|`(1,230)`|
||**`RECONCILIATION OF FUNDS`**||||||
||`Total funds brought forward`|`2,382`|||`-`|`2,382`|
||**`TOTAL FUNDS CARRIED FORWARD`**|`1,152`|||`-`|`1,152`|
|**`7.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||||
||||||`2025`|`2024`|
||||||`£`|`£`|
||`Other debtors`||||`251`|`-`|
||`Prepayments and accrued income`||||`900`|`-`|
||||||`1,151`|`-`|
|**`8.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||||
||||||`2025`|`2024`|
||||||`£`|`£`|
||`Accrued expenses`||||`900`|`-`|
|**`9.`**|**`MOVEMENT IN FUNDS`**||||||
||||||`Net`||
||||||`movement`|`At`|
|||`At 1.5.24`|||`in funds`|`30.4.25`|
|||`£`|||`£`|`£`|
||**`Unrestricted funds`**||||||
||`General fund`|`1,152`|||`21,067`|`22,219`|
||**`TOTAL FUNDS`**|`1,152`|||`21,067`|`22,219`|
```
continued...
```
```
Page 9
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025`**
## **`9. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`34,704`|`(13,637)`|`21,067`|
|**`Restricted funds`**||||
|`Lincolnshire Agricultural Society`|`5,000`|`(5,000)`|`-`|
|**`TOTAL FUNDS`**|`39,704`|`(18,637)`|`21,067`|
|**`Comparatives for movement in funds`**||||
|||`Net`||
|||`movement`|`At`|
||`At 1.5.23`|`in funds`|`30.4.24`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`2,382`|`(1,230)`|`1,152`|
|**`TOTAL FUNDS`**|`2,382`|`(1,230)`|`1,152`|
|`Comparative net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`875`|`(2,105)`|`(1,230)`|
|**`Restricted funds`**||||
|`Lincolnshire Agricultural Society`|`5,000`|`(5,000)`|`-`|
|**`TOTAL FUNDS`**|`5,875`|`(7,105)`|`(1,230)`|
```
TherestrictedfundrelatestodonationsthathavebeenspecificallyreceivedfromDuncan&ToplisLimitedtowards the
foundationssupportof the LincolnshireAgriculturalSociety'srenovationof the Exo centreinto a multifunctional education
centre.
```
```
continued...
```
```
Page 10
```
```
THE DUNCAN & TOPLIS FOUNDATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025`**
## **`10. RELATED PARTY DISCLOSURES`**
```
Duncan&ToplisLimitedisthesolememberoftheDuncan&ToplisFoundation.TheTrusteesofTheDuncan& Toplis
Foundation are also employees and in some cases shareholders of Duncan & Toplis Limited.
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DuringtheperiodDuncan&ToplisLimitedmadegeneraldonationstotheDuncan&ToplisFoundationtotalling £15,000
(2024:£5,000).Therewerenoconditionsattachedtothesedonations.Inadditionafurther£5,000(2024:£5,000) was
donated for the specific purpose of being donated to the Lincolnshire Agricultural Society as shown in note 6.
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NoneofthetrusteesreceiveanyadditionalremunerationfromDuncan&ToplisLimitedforanyworkcarriedoutfor the
Duncan& ToplisFoundationnor does the Duncan& ToplisFoundationpay Duncan& ToplisLimitedfor any of the trustees
time or for any other services provided.
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Duncan& ToplisLimitedalso coveredthe costsof certainfundraisingeventsincludingthe YorkshireThree Peaks Challenge
whichamountedto£3,185.Thesecostshavebeenrecognisedasadonationintheaccountswiththe corresponding
expense recognised within costs of raising funds.
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The accruedcostsof the independentexaminationof the accountsfor the year ended 30 April 2025 of £900 including VAT
willalsobepaidbyDuncan&ToplisLimitedandthereforeadonationforthisamounthasbeenaccruedand recognised
within debtors and donations in these accounts.
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AsperCharityCommissionguidanceaclearconflictofinterestpolicyisinplacetoensurethattrusteesactinthe best
interest of the Duncan & Toplis Foundation as a separate entity at all times.
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THE DUNCAN & TOPLIS FOUNDATION
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## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 30 APRIL 2025`**|||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`39,453`|`5,875`|
|`Gift aid`|`251`|`-`|
||`39,704`|`5,875`|
|**`Total incoming resources`**|`39,704`|`5,875`|
|**`EXPENDITURE`**|||
|**`Raising donations and legacies`**|||
|`Bank and fundraising platform charges`|`280`|`5`|
|`London Marathon entry fee`|`480`|`-`|
|`Three Peak Challenge costs`|`3,185`|`-`|
||`3,945`|`5`|
|**`Charitable activities`**|||
|`Grants to institutions`|`13,792`|`7,100`|
|**`Support costs`**|||
|**`Governance costs`**|||
|`Auditors' remuneration for non audit work`|`900`|`-`|
|`Total resources expended`|`18,637`|`7,105`|
|**`Net income/(expenditure)`**|`21,067`|`(1,230)`|
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This page does not form part of the statutory financial statements
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