REGISTERED CHARITY NUMBER: 205975 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 FOR HENRY AND EUZABETH LINEHAM FUND
HENRY AND EUZABETH LINEHAM FUND CONTENTS OF THE RNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pa99 Report ofthe Trustegs R9POrt of the Indepgndgnt Audltors Statement of Financial Activities Statement of Flnanclal Posltlon Not85 to the Financial Statements 10 10 15 Delalled Statement of FSnanclal ActlvStles 16
HENRY AND ELIZABETH UNEHAM FUND REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBER 2024 The truste8s present their report with the financ1 sLgtements the charity fof the year ended 31 Dmber 2024. The Ifustees have adopted the provisions of Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applb lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelarKI IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The original object of Ihe charty was for the relief or prevention of povety for the publ benefit among women who are fesident in Northampton from time to tin. wth preference to I38e who had lived in the area the longest by. in order of prK)rity'. lal granting FenSn$- or Ibl miro grants of morEy. Income.. £60.00010 £70,000 per annum Prevk)usty this charrty had been reported as part of the Northampton Municipal General Charities. Following the winding up and transfeT of the asset$ of som8 of the smaller CharItS at 31 December, 2003 there were three main Chanties. of which this is one. The Henry and Eltiabeth Lineham Fund incorporated all the annuty giving charities and, follwng the Trustees. decision made al the Meeting on 18 September 20CE, continues lo pay half yearty grants lo needy wdows and spinsters. At Ih8ir meeting on 24 June 2013. the Trustees agfaed lo increase the 9ift made lo recipvenls by £100. The annual grant would Ihereft)re amount lo £S121£256 to be paid in June and Decanberl. Rg¢iplents ol Grants 4 neficiarIeS during the year and 1 beneflary was reni)ved as they no longer wish8d to receive the grant. 2 new beneficiaries were added, one of whom also receNed a one off grant of £239.99. paid lo Age Uk. for a Securty Pendant to enable indep8ndent living. A$ al 31st December 2024 therè were 77 benefi¢iarle& Publlc benefft The Trustees have had regard to the Charity Commission guidance on Publ benefit. As the charity's actsvty 1$ lo distribute grants to those in need, the Twslees believe the public benef(( in the charity's activities is clear. FINANCIAL REVIEW Financlal position At the year end n[eStted reseNes lotalled £1,490,12912023.. £1,490.880). Reserves pollcy The Trustees aim to maintain reserves in real temis in older lo generate income lo pay the beneficiaries. Thi8 year the grant payments amunled lo £40.424, so the reserves are Sufflent and meet the policy in place. Page 1
HEMRY AND ELIZABETH LINEHAM FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Registered Charty Number- 205975 Goveming Instrument- Wll proved at Exeter 15 February, 1933 sCherr of the Supreme Ccyjrt (Chancery Divisionl made 21 June. 1 2, and CharTty Commission Scheme of 22 December 2010. Benef81 area- Northarnpton las delineated on a map previously adopted by the Trustees). Legal and Administraliye Detalls The charity'5 financial slalernent5 comprise the accounts of all chanties as listed. Invgstmonts The Trustees rdy on their financial consutsnls. MHA Caves Wealth, for in relation to the selection of investments. The undertying p)licy is to aim to achieve Capital grtyvth to maintain the value in al lemis while generating sufficient income lo pay the annutsnls. At the meeting of the Trustees held on 16 June 2QK)8 r( was agreed Ihal MH4 Caves Wealth should be given discretKJn to manage th8 Trustees. portfolio. Investment policy The investment policy was rewewed in 2019. It was aJreed that the Trustees would seek to achi8ve capital and income growth with emphasis on an overall rale of lUM. This was achieved by a quarterty review of the portfolio by the financial adwsers and the adoption of a low lo medium risk investment policy. The ffinancial advisots also attend one meeting a year to review the annual progres5 of the Charily's investments Admlnlstratlon of the Charlty The day lo day administration of the charity has been delegated lo HCR Hewitsons LLP. All financial decisions are agreed by the Twslees at their meetings. and cheques are signed by two Trustees. The charty also mthes payments by BACS transfor which are overseen by one trustee al HCR Hewi150ns premises. Trustees At the MIng of the Trust held on 20th March 2024 Mr T J Hadland was appointed Chairman and Mr U Gravesande was appThnted Deputy Chaimian for the ensuing year. This was in accordance with the 1915 Scheme of the Northampton Municipal General Chaiilies which had slated that the appointment of the Charman and Deputy should tthe pla at the first meeting of the year. The follobmng changes in trustees ¢xcutted during the year.. Phil Agerfs death was noted at the meeting cl 9th Oclotr 2024. Jean Bueel resigned as trustee al the meeting on 91h December 2024 due to her ralIng. Danielle Stone resigned as Iruslee al the meeting on 9th December 2024 due lo work eommrtments. Susan James 8ttended the meeting on 13th November 2024 and was appointed as trustee lo lake effect 9th December 2024, taking on the commrtments that were prevK)usly und&1aken by Jean Bulleel. Further lo paragraph 6 of The Charty cCMiSsion S¢heme dale 22 October 2010, folllg cOmpletn of Special Resolulion by the Twslees of Henry and Eloabelh Lineham Fund, dated 20 July 2020, the Trustees can arwint new Truslees ratlr than the Northampton Borough Council. Prior lo their first meeting, Trustees are sent papws which include a history of the charity, copy Charity Schen, accounts and various notes and copy lorms that are used by the clerks. No fom)al training is given. Page 2
HENRY AND ELIZABETH LINEHAM FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2024 STRUCTURE. GOVERNANCE AND IJL4NAGEMENT Rlsk management The charity ha5 inve5trnenls that are considered medium to high risk even though they are quoted on the Stock Exchange and FTSE 10CNJ. The main area of risk is that the income available will not be sufficient lo cover the 8nnubties. By keepir¥J the nUmr$ under constant review, no new annuitant will be appointed rf the income is likely lo be exceeded. There is dso tho cption of reducing the annu81 gift if the incorre is not sufficient lo coverthe annuities. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 205975 Prfnclpal address clo Mrs Angela Moon. HCR HrtsOn$ Lancaster House Nunn Mills Road Northampton Northamptonshire NN15GE Trustees T J Hadland U Gravesande FHWire W A Howes J Nightingale P L Ager Ideceased 2719f24} J BuKeel Iresigned 9112r241 T Whenham M Wilkinson Cllr S Beardsworth Cllr D Stone (resigned 9112124) A Perry Ms S James (appointed 91121241 Audito Shaw Gibbs (Audrtl Limited, Statutory Al110r Eagle House 28 Billing Road Northampton Northamplonshire NN15AJ Page 3
HENRY AND ELIZABETH UNEHAM FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Advisèrs Finala1 Consuttants.. MHA Caves Wealth Lockgales House Rushmills Bedford Road Northamplon NN4 7Y8 Bankers.. National Westsninsler Bank Pk 41 The Drarkry Northampton NN12EY Clerks lo the Tru$lees'. HCR Hewtsons Solicitors Lancaster House. Nunn Mills Road Northampton NN15GE HM Revenue & Cysloms nurrt)er.' X8078 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financk41 statements in accordance with applicakAe law and United KgdOrn Accounting StarKlards (United Kingdom Generalty ApIed Accounting Practice). The18w applubSe lo ¢harf(ies in Engl8ThJ and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2C()8 and the provisK)ns of the trust deed requires the Iruslees lo prepare financial statements for ea¢h financial year which give a true and fair view of the stale of affaits of the chanty and of the incoming resources and applicalton of resources, including the income and expenditure, of the charity for that period. In ppng those financial stslemenls, the trustees are required lo Se¢t subtsble accounting pol$ and then apply them consistently,. observe the methods and principles in the Charity SORP", make judgements and estimates that are aSonable and pruéenl", prèpare the financial statements on the gcing cCCern basis unless (t is inappropriate lo presume that the charity will continue in business. The Iruslees are responsible lor keeping proper accounting records whieh disclose wrth reasonab accuracy al any lime the financi81 posrtKJn of the charity and lo enable them to ensure that the financral slalements comply wi(h the Chanties Act 2011, the Charty (Accounts and Reports) Regulations 2008 and the provisions of the trust d88d. They are also responsie for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. by or<ler of board oftwstees on ............................................. and soned on i(5 behalf by.. T J Hadland- Trustee Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HENRY AND EUZABETH LINEHAM FUND Opinion e have audited the financkAI statements of Henry and ElrLab&lh Lineham Fund Ilhe '¢harty'l for the year ended 31 December 2024 which comprise the Slalemenl of Financial ActNrties, the Slalement of Financial Position and notes lo the financial statement5, including a summary of significant accounling policies. The financial ieporting framewoth that has been applied in their Preparation is applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generalty Accepled Accounting Practi¢el. In our opinion the finaTraI stalemenls.. give a true and fair view of the slate of the charity's affaits as al 31 Deber 2024 and of its incoming resources and application of resources, for the year then ended- have been properly prepared in accordance with Unf(ed Kingdom Generally Accepted Accounting PraCte., and have been prepared in Ordance with th8 requirements of the Charities Act 2011. Basls for opinion We Conducted our audit in accordan w(th Intemational Standards ors Audth"ng (UK) {ISAs (UK)) and applicab law. Our responsibilities under those standards are further described in the AuditOTS' responsibilf(ies for the audit of the financial slalements s8dion of our report. We are independent of the chafity In accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethitxl responsibilities in accordance with these Tequiremen15. We believe that the audrt evidence we have Obtain is sufficient and approprtate to provide a basis for (wr opinion. conclusions relatlng to going concem In aUd'ng the financial statements, we have concluded that the trustees, use of the going concem tssis of accounting in the preParatn of the financial stslements is appropriate. Based on the work we have performed, we have not identrfied any mat@rial uncertainties relating lo events or conditions thal, individually or collectively. may cast significant doubt on the charitls ability lo continue as a going conrn for a peTiod of 8t ast ts¥e months from when the financkgl statements are authorised for issue. Our r8sponsibilities and the rew)nsibiIrtS of the trustees wlth respect to going concem are described in the retevanl sections of this report. Otr Informatlon The Itustees are responsible for the other infomialiDn. The other infomialion comprise5 the infomation included in the Annual Report, other than the financial slalements and our Report of the Independent Auditors Iheffjon. Our opinion on the financial statements does not cover th8 Other infonrotion and. except to Ihe extent otherwise explief(ly slated in our report, we do not express any form of assurance condusion thereon. In connéction with our audf( of the financpl 5ts1ements, our responsibility is lo read the other infomiation and, in doing so. consider whether the other information is malerialty inconsistent wrth the financial stements or our knowledge obtained in the audit otherwise appears to be malerialty misstated. If we idenlfy such maleriol inconsistencies or apparent material misstatements. we are required lo detemiine whether thi% gives rise lo a material misstatement in the financial statements themsefves. If. based on the work we have performed, we conclude that there is a material mi$$tatement of this other infomation, we are required to report that fact. We have nothing to report in thi5 regard. Mattets on which we are required to report by 8xceptlon We have nothing to report in respect of Ihe folbwing matters where the Charities (Accounts and Rep} Regulions 2008 requires us to report to you if, in our opinion.. the infomiatK)n given in the Report of Trustees is inconststent in any rr¢lerial respecl wf(h the financial slalements", sufficient accountin9 records have not been kept., or the financial slalements are not in agreement with the accounting records and returns," or we have not received all the lf0mlatn and eyplanalions we require for our audrt. Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HENRY AND ELIZABEfH LINEHAM FUND Responsibilities of trusts•s As explaineLI more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the fInCIal statemen15 which gNe a true and fair view, and for such inlemal control as the Iruslees determine is necessary to enable the preparation of fin8ncBI statements that a free from material misstatement, whether due to fraud or error. In preparirig the financial statefflenls, the trustees S spOnsible for assessing the charity's ability to continue as a g01r concern, disclosing, a5 applicable, matters related lo going concern and using the going Dncem basis of seeounling unless the Iruslees erther intend to liquidate the charity or to cease operations, or have no realisbc altemthve bul lo do so. Our responsibilities for the audit of the financlal statements We have been appointed as auditors under Section 144 of the charit$ Act 2011 and rgport in accordance with the Act and levant regulations made or having effect thereunder. Our objectwes are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assur?e, bul is noi a guarantee that an audtt conducted in accordance with ISAS IUKI will always deted a material mtsslatemenl when rt exists. Misstatements can arise from fraud or error and are considered material rf. indwidualty or in the aggregate, they could reasonabty be expected to influence the economic decisions of users iaken on the basis of these financial statements. The extent to which our Procedure$ are Capable of deteding irregularth"es, inclLTrdirE Iraud is detailed below.. Because of the inherent limitations of an audr(, there is a risk that we will not del8ct all irregularitl8s, including those leading to a material misstatement in the financwl statements or non-compliance with regulatk)n. This risk increases the MO that ¢omplian¢e wilh a law or regulation is removed from the events and transactions reflecled in the financial slalements, as we will bè less likely lo become aware of inslanees of non-compliance. The risk is also greater regarding irregularrties occurring due lo fraud rather than error. a$ fraud involves intentional concealmenl, forgery, collusion, omisson or misrepresenlalh?n. We con$Klered the opportunities and inntiVeS that may e51 wthin the organisation for fud identified the greatest potential for fraud in the folking areas.. liming and reeojnilion of investment income, posting of any unusual joumals along wrth cornplex transactions and manipulating the charitiès. key performan indicators such as grants paid, to rn1 targets. We discussed these risks with the finants management and designed audit procedures lo test the liming of VeStMent revenue & tested a sample of grants paid out to confimi Ihey were appropriate and reviewed areas of judgement foi indicators of management bias 10 address these nsks. A fLJrther description of our responsibilities for the audit of the fInarla1 statements is located on the Finanal Reporting Council's website at www.frc.org.ukjaudilorsresponsibiliti.es. This deserylK)n fcffms part of our Report of the Independent ALHJrtors. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HENRY AND ELIZABETh LINEHAM FUND Use of our report This report is made Solety to lh8 charity's trustees, as a body, in aOrdanCe wrth Part 4 of the Charbties {Aecounts 8nd Reports) RegUlatiS 2008. Our audit work has been undertaken so that we might sl8te lo the charity's trustees those matters we are required lo slate lo them in an audrtors, report and for other purpose. To the fullest extent pemvcled by law, we do nol aecept or assume responsibility lo anyone otrr than the charrty and the chartty's Iruslees as a body, for our audit wo, for this report, or fc the opinions we have formed. Shaw Gibbs IAudii} Linited, Slalutory Auditor Eagle House 28 Billing Road Northampton Northamptonshiffj NN1 SAJ Dale.. 28 October 2025 Page 7
HENRY AND EUZABETH LINEHAM FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 310ECEMBER 2024 2024 Unrestricted lund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Investrnenl inccxme 66,430 68.574 EXPENOITURE ON Fiaising funds 4,912 4,821 Charitable activities Making grants Making one off grants to instrtutions 50,511 1.000 48,317 1,000 Total 56,423 54,138 Nel gainsl{lossesl on inve51menls 110,758) 28,893 NET INCOMEI{EXPENDITURE) 17511 43.329 RECONCILEATION OF FUNOS Total funds bffjught forward 1,490,880 1,447,551 TOTAL FUNDS CARRIED FORWARD 1,490,129 1,490,880 The notes form part of these financial statements Page 8
HENRY AND ELIZA8EfH UNEHAM FUND STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Investments 10 1,401.024 1.374,892 CURRENT ASSETS Debtors Cash al bank 11 2,829 92,529 5,001 113,986 95,358 118.987 CREDITORS Amounts falling due wrthin one year 12 16.253} 12.9991 NET CURRENT ASSETS 89,105 115.988 TOTAL ASSETS LESS CURRENT LIA81UTIES 1,490.129 1,490,880 NET ASSETS 1,490,129 1,490,880 FUNDS Unre51ricled funds 13 1.490.129 1.490,880 TOTAL FUNDS 1,490.129 1.490,880 fin nci I slate ants were approved by the Board of Truste8s and aulhorised for i55L* on . and were signed on its behaw by.. T J Hadnd- Trustee U Grave - Trustee The notes fom part of these financial slalerfftnts Paye 9
HENRY AND ELIZABETH LINEHAM FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2024 ACCOUNTING POUCIES Basis of preparfng the financlal statements The finala1 statements of the charity, which 15 a public benefit enlty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102} 'Accounling and Reporting by CharitY&s'. Slalemenl ol Recommended Practice applicable lo chanlses preparing their xcounls in a¢wrdance wf(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191., Finanaal Reporbng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial slatemenls have been prepared under the hisloiical cost convention, with the exceptKJn of investments which are included al market value, as modified by the revaluation of certain assets. The financial statements have been prepared under the historical cost conventt)n with the exception of the investments which are included which are included al market rate. The presentation currEncy ofthe financial statements is in Pound Sterfing 1£). Going Concern The financ1 statements have en prepare(l as 8 goiThJ c(mcern. The Trustees have taken Into account a period of 12 months post the approva of the financial ststemenls date and confim)ed their assessment that the charty is a gc4ng nCeM. Significant Judgements and Estimates The preparation of financial statements require$ the use of eertain crrtical accounting estsmates. It also requires management to exercise its Judgement in the process of apptying the company counting policies. The areas involving a hher degree of jud9emenl or complexity, or areas where assumptions and estimates are signrfunl lo the financial statements are disclosed wf(hin the individual counling policies below. Income All irtome i8 COgnised in the Statement of Finanaal Activit once the charity has enlillerrEnt to the funds, il is probable that the income will be received arwj the amount can be measured relvably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure. il is probable that a transfer of economic beneffts wll be required in settlement and the amount of the obligation can be nEasured reliabty Expenditure is accounted for on an a¢cruals basis and has been classified under headin9S that gregate all cost related lo the category. Vvhere costs (annol be diredly attributed lo particular headings they have been alkxaled lo activities on a basis consistent with the use ol resources. Grants offered subject lo conditions lch have not Èeen met at the year end date are noled as a commitment but not accrued as expenditure. Taxatlon The charity is exempt fr¢)m tsx on its charitable *tMlies. Fund accountlng Unrestiicted funds can be u1 in accordance wf(h the charlabb objectives al the discretion of the trustees. Reslricled funds can only be used for particular restricted purwses within the Oblt$ of the charily. Restrictions arise when specrfied by Ihe dcnor or when funds ale raised for particu18r restricted purposes. Further explanation of the nature and purpose of eoth fund is included in the noles to t1 finanaal slalemenls. Page 10 continued,..
HENRY AND EUZABEfH LINEHAM FUND NOTES TO THE FINANCIAL STATEMENTS- contlnu¢d FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Fund accounting Investments All investments are ¢onSIder to be of a bng term nature and are slated al market value. The unrealised gains we recognised in Ihe Statement of Financial Activities. Financial instruments Cash and cash equivalents in the balance sheet Comprise cash at banks and in hand and short temi deposits with an original maturity dale oflhree month$ or less. Debtors and creditors wf(h no slated interest rate and receivable iy payable wrthin one year are recorded al transaction pru. Any l¢)3ses arising from impaiment a recognised in thg statement of financial activities. Financial liabilrties and equty instruments are classffied according to the substance of the contractual arrangements entered into. An equity instrument is any contract that ewdences 8 residual interest in the assets of the entty after deducting all of ts financial liabilities. Where the CctraCtUal L*)ligations of financial instruments are equivalent lo a simiL8r debt instrument, those financial instruments are classed as financial liabilrties. Financial lithili(ies are presented as such in the balance sheet. Finance costs and gains or losses relating lo finala1 liabilrtEs are included in the statement of financial actwities. Finance costs are calculated so as lo produce a constant rate of retum on the outstanding liabilty. INVESThIENT INCOME 2024 2023 Dniidends & intere81 received 86,430 68.574 RAISING FUNDS Investment manag8ment costs 2024 2023 PortFolio management 4.912 4,821 CHARITA8LE ACTIVITIES COSTS Grant fiJnding of artivitie5 (see note SupFM)rt costs (see note 6) 51 Totals Making grants Making one off grants lo inslilutions 39,424 1.000 11.087 50,511 40,424 11.087 51,511 Page11 continued...
HENRY AND ELIZABETH LINEHAM FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 GRANTS PAYABLE 2024 2023 Making gran15 Making one off grants to institLrtions 39,424 39,712 1,OC 40,424 40,712 The total grant5 paid to institutions during the year was as folbws.. 2024 2023 The Lord Mayors Fund for the Housebound 1.000 1,OC SUPPORT COSTS Govemance costs ManeMent Totals Making grants 4,723 11,087 Support costs. included in the above, are as follows." 2024 Making grants 2023 Tot activitie$ Clert<s charges Auditors, remuneration Auditors, remuneration for non audr( work Clerks Charges 4,764 1,200 1,440 2,160 1,123 1,81)D 11,087 8,605 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remunerath)n other benefiis for the year ended 31 Decemb@r 2024 nor f the year ended 310ecember 2023. Truste95' expenses The were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. Page12 continued...
HENRY AND EUZABETH LINEHAM FUND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS There were no 0ye&s for the year efid 31 December 2024 nor the year ended 31 Dec8mb8r 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES unrestrtl fund INCOME AND ENDOWMENTS FROM Inveslm8nt incclne 68,574 EXPENDITURE ON Raising funds 4,821 Charltsble activltles Making grarbts Making one off grants to instrtuti)ns 48,317 1,000 Total 54,138 Nel 98ins on investments 28,893 NET INCOME 43.329 RECONCILIATION OF FUNDS Totsl funds brought forward 1.447.551 TOTAL FUNDS CARWED FORWARD 1.490,880 10. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 January 2024 Additions DisposaFs RevaI(otn$ 1,374,892 132,334 195,4441 110,758} Al 31 DecEmber 2024 1.401,024 NET BOOK VALUE Al 31 December 2024 1.401.024 Al 31 December 2023 1,374,892 There were no investment assets outsijg the UK. Page 13 continued...
HENRY AND ELIZABETH LINEHAM FUND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 10. FIXED ASSET INVESTMENTS- continued The hislorieal cost of the investments at the year was £1,018,42312023.. £992,279) 11. DEBTORS: Amoufrrrs FALLING DLIE WITHIN ONE YEAR 2024 2023 Prepayment$ and accrued income 2.829 5,001 12. CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 A¢xruals and deferred income 6,253 2,999 13. MOVEMENT IN FUNDS Net movement in funds At 31112r24 At 111124 Unrestricted funds General fund 1.490,880 1751 } 1,49D.129 TOTAL FUNDS 1.490,880 {7511 1,490,129 Net movement in funds, included in the above are as follows,. Ineoming Sr¢e$ ReSoUeS expended Gains and losses Movement in funds Unr&stri¢ted funds General fund 66,430 (56,4231 {10,7581 17511 TOTAL FUNDS 66,430 156,423} 110,7581 17511 Comparatives for movement in funds Nel movement in funds Al 31112r23 At 111r23 Unrestrsct funds General fund 1,447,551 43,329 1,490.880 TOTAL FUNDS 1,447,551 43,329 1.490,880 Page 14 continued...
HENRY AND EUZABETH LINEHAM FUND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 13. MOVEMENT IN FUNDS - continued Comparaive net movement in funds. included in the above ar& as foll¢JWS'. Incomin9 Resources resources expended Gains and losses Movement in lunds Unr•strlcted funds General fund 68,574 154,138} 28,893 43,329 TOTAL FUNDS 68,574 154,138) 28.893 43,329 14. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 Decembtr 2024 {2023'. £Nil). 15. ULTIMATE CONTROLLING PARTY The charty 13 under Ihe ¢Ctrol of its Irusle8s as listed wlhin the Trustees Report. Page15
HENRY AND ELIZABETH LINEHAM FUND DETAILED STATEMEKf OF FINANCIAL ACTwinES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOVIMENTS Investment Income Dividends & interest recav8J e6.430 68.574 Total Incomlng rosources 66.430 68,574 EXPENDITURE Investment management costs Portfdio management 4,912 4.821 Charltsble activities Gran15 to institutions Grants to indmduals 1.000 39,424 1,000 39,712 40,424 40,712 Support costs Management Clerks charges 4,764 Governance costs Auditors, remuneration Auditors, remunerdlion non audit work Clerks Charges 1.440 2.160 1,123 1,200 1,800 4,723 3,841 Tolal resources expended 56,423 54,138 Net income before gains and losses 10,007 14,436 Reallsed recognlsed galns and losses Realised gainsloossesl on fixaj asset investments {10,758) 28,893 Net lexpenditurollincom• 1751) 43,329 Thi$ page does not fomi part of the statutory fjnancial ststements Page 18