Registered Charity Number 207557 Lancelot Hasluck Trust Report and Accounts 31 December 2024 Rop(¥t and A￿our Lancelot Hasluck Trust Report and accounts Contents Trustees, Report Slatemnt of Tntstees, Responsitslths ountants, rewrt Slatement of Financial Pdivities io 13 In¢cYne and Expandilure ￿￿Unt R￿g￿l86d Gain$ and Lo¥8eB Movernents in AC￿Mulated Funds 14 14 15 Balance Sheet 16 Notes to the AC0￿nts 17 Detai￿￿ Statement of Fknancial P4Xivities 24 Lancelot Hasluck Trust The R• rt ol th• TTustse$ for the ear ended 31 D￿Orn￿r 2024 Introductlon Tlie Truslee$ prgsgnl their Annual Report and knunts for the yaar 8n(kn131 Dewnb 2024. The Board of Trustees are sali$fied with the perfofmanGe of the Charity during th8 year and Ihg PC6itson al 31* December 2024 and consider Ihat the Charity is in a strong kJ)sthon lo continue its aGliwtres during the coming year. that the Ch8rty's assets a￿ adequate to fvlfd rts obligats'ons. Name. Reglstered Offlce and Con8titutlon of th• Charlty The full narne of Ihe Charity ' . TheI￿al registraticrs details are.. Dale of Fomation The Ch&ty's Offi Charlty Registration Numbor Th• Lanc•lot m￿luCk Tru•t 14 May 1931 32 Park5ide Gardens, East Bamet, EN4 8JR 207557 Ob èctlvés and A¢dvltltrs of th? Cha A summary of the 04*ts of the Charlty as set out In Its govomlng docunwnt The otyect of the Tru81 is lo wovide Ixwsing for porsc￿8 in need th are not lass than 55 years of age and WIKJ are or have been resident within th6 8rea of bènefit for any Feriod of time during tho w8(%ding 20 years. The ar8a of benefit means ￿ London Borough of Barnel as a ¥thole bul wtth a preference for the fmr Urban DiStr￿ts of Bamel, East Bamat and Friem Barnet 8S ¢(￿StIl￿ted imfflediately tefore 1 April 1965. Pref8r8nce $h811 be given to marr￿d ￿upleS as aforesa￿ and thos8 r￿rSOnS with th8 gre8te$l need. The Trusl88s m8y, in ex￿pIlo￿al circumstances. appoint 8 P8rnon who Iwes outside th8 area of ben8fi1 8nd has not been resident the￿n for any perM)d durlng the preceding 20 years but othewse is qualifjed. The Trustees must rec¢xd in their minutes the nature of the exceptional clrcumstances lustsfying the appThnlment. The number of suGh appointrments must not exGeed one third of the number of resi¢Jents al any one time. The Charity does not fun¢Jraise bul carries out the wnrk dAsifAd hy th8 Foiind8r IhfOLuh car8ful Stewardship of its inv8St0d resources anrj through income derived from the weekly maintenance payment m&le by all residents %thich is sel well below 5(1% of a commeraal renL Publlc Benefft In pursulng the Chanty's aims and objectives and in measurirvJ achievements and pgrf(xmance the Trust88s have had reg8rd to the Charity Commi&8w)n's guid8nce on public bgnefil. The provision of almshyJs8 atxommodalion frjr Ihc6e in need ￿0V￿leS 8 identifiable public benefit. BenefM]8r￿ of the Charty musl t￿ in need and are drawn from tho wblic sg d8fin8d hi tho 9ov•min9 Schome made for tho Lan￿10t Ha8lu¢k Truat by Ihe Charity Commission. Appwnbnonts and Staff Changes Ai the Annual Gwersl Meeling held on 22nd April 2024 Klr. P.S. White MBE JP was unanimousty r¥-el￿t￿j as Chair and Mrs. J. Adak was unani￿OUSlY reryelethed as Vic*-Chair of Twstees. They both were also 0)nfinn￿l as Member8 of the Finance Sutpcommittee. Unfortunatety. fomier Trustee MIS. Brernla SaTrJford In November. Trustee Cllr. Pauline Coakley-webb was ctropt&l lo sem another five years. Due to ill heallh Th8 Reverend Fie¢Jerick George stLX)d (kjwn as Truste8. He had serv8d over 50 years as Chair of Trustees, Vi(£ Chair of TrLk8tees, and Vi(* Chair of the Financ& Committee. and lo honouf this he was made Hormvary pre￿dent of the Tr￿￿t Thus. h8 will be bl8 lo attend 8rHJ speak at th8 meetings and cnntinue 10 9ive his excellent 8dvi¢e. Lancelot Hasluck TNst ThoRo rt of thg Tru¥t098 for thg •ar wded 31 December 21Y24 ndAc Detalls of slgnmlcant actlvttles (In¢ludlng Its maln progrnmm•s. projocts or seThke$ provlded) th•t contrlbute to th• achl•vwn•nt of th• Stat￿ obJectlv•s. Thè TnJ8te8S 8nd8avour not only to fulfil the t8rn1$ of its governing Sch8rre in the provision of accomn))dation but also to ensure that the quality of the properties is of a high stsndard and s￿h that Trustees themselves W￿ld in wwsed Circumstar￿e5 feel cumfortably accommodated in them. As ffinar￿es perni￿ therefore. they undertake works will improve th8 livirthJ spaeA and facilities available lo residents and will deliver eo)nomies in minten8nce costs. The upgrade of the E8lale still (x)ntinues wtth the paths long term project. Old paths and steps were repla￿ wtlh fimi foundBttons and dr8ln8ge. Re-seedlng took place Whe￿ work had sp¢yled the gras$ area$. Wooden fencos were clearod of foliage and in some ca80s new ones erected. Windows showirrfJ misting were replaced wilh new pan88, giving residents a cl8ar 89ain. The wlndows conllnu8 to bo prof8sskJn81ty Clean￿ b￿￿nu81Iy. Carton monoxide alarms were tested and replaced. Another prorErty had a wet rojm installed for a resident exPerI￿GIr￿j mi)bllity protlem¥. M¢xe r85idents w8re abl8 to enjoy th8 reduced televis￿n licence o)st, as they reached th8 age of 60 years. and those 75 years plus, have th8 pl8asur8 of paying nothing at all. RefvrbI8h￿nts. ind￿ling rfrwiinJ. paintirrfj and new kitchen units continued when propert￿ became vacant. The annual Se￿Ing of all ts boilers was completed and gas safety ￿rknficateS were issued. The annu81 Inspectlon of all the flre extlngulshars took pl&0 by a rgwlable company. The gardens a￿ maintained by the Slle Managei aThJ Maintenance Manager Ihroughoul the year. Ar8as have ￿en re-dosigned 18sulting in very attrac*v8 Sha[￿ fftower beds with he81thy plants and h8atthy 8011. The gra8S c1)ntinL￿8 to be cut 8t regular intervals to ensure a safe base. Wasp ne9ts are removed wh6r• and whon necessary. Tall eonifvr trws wor• ¢irt ba¢k a8 thgy ww? boginnin9 tc* ovorGhAdow aomo of tho pr(4)erties and cause a threat. It also gave easi8r acc3ss lo the maintenanc8 of the W(￿len fence. A rernovable ramp was insta118d at a propety where a resvjent is e￿11￿[￿￿ng mobility prob￿MS and this ha6 helped her to ¢￿tinue lo get out arKI abouL Trustees and Officers continued to vi￿1 all the ￿$[dents throughout the year and these visits are well received. Residents arg happy to share their v￿5 and any concems they have. Emerg8ncy conlact fonns were revamp8d to ensure up to date infomwtion of the resKlenls. Once again. th8 Site rnanager organized a ￿ch trip to SOuthend￿n-Sea. Many residents thair r618tiVO9 and friends plus Truste8s and Officers had a very pleasant sunny day. The Chalr and Clerft attendad 8 vary Int8r8$18d Ajmshousa Ass￿l81k)n w8bin8r in bthich rx)rrect termindojy pe￿Ie'S inlerryelation of'r¥Jht to buy. rights were hightighted. Lancolot Hasluck Tn4St TheRe rt of tho Thisto95 for the ended 31 D¢¢ember 2024 Achlevoments and Perfonnan¢• of th• Ch Investmentwfom￿n¢e achiov•d agwnst inv•$trnontoblective8 sel In the Financial RaV￿W 88ction of this rèport there ts a description of the investrnent pol￿10$ and obiettives eslabli6hed by the Trustees aThl the extsnt to which soclal, environmentsl or Èthical ccmsiderdtiorts are taken into accthnl. The inve61ment perfomiance rs monilorgd quarterfy in comparL8(M wsth the statement of investm8nt principles. The Tru8t'8 inve81rnents were prtmarily with Ralht*)ne Investment Managoment Limitod on discretionary basi5 wrth CCL Monltorlng Each of the investment managers report regularfy on their Ferfomi8nc£ Includlng c￿pariSon9 with approprialÈ external Indices as benchmarks. The Trustees keep the investment strategies under wular review. Nalurg of tho Govornlng Do¢umwt and Constitutlon of tho Chaiity The Trust Is administ¢r¢d under a scheme made by the Charity CommissIc￿ on 20 Novembar 1997 and amend&J by th8m on 23 May 2001. The Charity is on uninwrporated associatiorb govemed by 8 lrnst d8ed. EINJibility for memborship of the Charity and mefflbeTship of the Board of TriJ$t8es is govemed by thè Trust D88d. Th8r8 ar8 no raslrictions in the govemSng document on the operation of the Charity or M its knvesbnent FW)wers, other than lI￿e mF()sed by general charity law. tructure Govefnance and Mana oment The methods adopted ft>r the recruitmentand appolntment of now Twstees The Board of TNstses have p)wer at any time to appoint a person lo fill a casual vacancy or as an addition to the existing Twstse members, provMJ8d tw t￿ total numb8r of Trustoes shall not exceed Ihe number fixèd in aecordan¢e wth the Trust Deed and the Scheme approved by the Charity Commission. The Board of Trustees usually comprises nine co- opted members, Includlng representstNes from the kjcal Churches, who serve for five years after which they may be put fr)rword for re-o>oplion. One NOMi￿ted Trustee is pth fornard by th& London Borough of Bamel and serves ts lour yea￿. If a Casual vacancy Lu￿rS, the roplacemenl Trustee s￿veS for th8 remaitmler of the perio(f of that truste8ship. When seeking to Q)-OPt, the Tw$toes hav8 regard to the need for expertise on the Board of Managamgnt. TN&t0tr8 arn porBon¢¥ who through rgaidOr￿, OGGupaknon. ¢mpk•ym*nt or otherwis8 havg special kTrJW￿dge of Ihe area of ￿nefit. Recruitment is achieved through professK)nal OT personal contacts of existing Trustees and through consultation with oth8r I￿85 charities. Open &lverfisemenl also Temairts an optw)n. Newly c04)pt8d or nomin8ted Trustees r8ceive full dC￿UmentatIOn about tho Ch8rity induding a copy of thè History of the Charity. the Residents, Handbook. the goveming Scheme. the last y&Ar's Accnunt% And Annusl Rgport and the Chgrity Corrwnisr4on's18kegt 8dvi(* on"The ReSp￿s1￿1111eS of Charity Trust8e8". Lancelot Hasluck Trust The R• rt of the Trustéès for tha éar ondgd 31 Decembor 2024 tructur• Gov•rnanc• and M*n m•nt cont The organlsational stnKture of the Charlty and how dfj¢tslons aro mado The fvll Board of Trustees meets four times per year, usually in January, A4>ri1. July and la18 Octoberlearly November. At these meetings they agree policy, receive the ￿0mMendationS of sub-commlttees and of the Clerk and Finance Off￿er. confirm actions taken and make major decisions. A qL￿uM of four is required for Ihese meeting5. Spec￿1 Meetsngs are COllV8ne(I from time to lime and are generally hekj immediately prior to a main meeknng. The Trust8&s ar8 advised by a Finan￿ ￿1￿COMmitte8 which has de￿ated pmrs to lak& speedy decisions on irwestmenl and d9v810pm￿t matters. Aso conven￿￿ on an ad hoc basis is an Election Panel, usually of Ihree or four Trustees to inteNiew and appoint n8W residents. All deci8ions of tx)Ih sub-committees have to be ratffied at a m8in ￿ting. The ay to day admlnlstrauon of the Chartty is delegated to Clerk as Chief Executlve and to tre Flnance offi￿r. On-site maintenance of the almshouses and the dalfy concems of residents are dealt with by the Sito Manager, Assistsnl Slte Man&Jer and Assistant to the Site Manager who repcrt to the Clerf(. The malor rlsks to whlGh tho Charlty Is exposed and revlews and systems to mldgate rlsk Risks to whith the Charity is exwsed each finan(?al y88r are hjenlified when preparing 8nd updating 8 $tr8t8gic rAan, in parlicul8r those relat￿ to the ¢)perations and financ8s of the Charity. The Trustees then review any major risks which have b8en id8nlffied and establlsh syst￿8 to mitigat9 tkjse risks. The Charity is satisfied that syst8ms arg in place to Mil￿38t0 th8ir exw8ure to the major rtsks which have b8an so identffied and r6vi&ved. The Charity is not exp08ed to risks involved in fundraising b8c8US8 its 8¢tivlb88 8 supported by income from investment Caprtal and mainten8nce charges. The review of Investment risks. voids. decent homes standards etc. on-going and polKies are in placè lo manage these matters. The vwlablllty of relum8 on th8 p8rman8nt lnv881m￿tr and gilts 18 8 f8clor lo be monilored Garelully. Th8 Trustees were forced to Ir￿reaSO the weekly malntenan contribution by 2.5% due to the increase in costs. FIn￿¢t81 R•vl8w Pollcles On Reserv The Chsrity is dependent on th8 incom8 gen8rat8d from its invoslThnts. wt¥th are vtholly repf&¥ented by ￿vill08 arKI gilts and on mon488 re￿IVed fr(Kn weekly maintsnanca p#ymsntA by rk7*Mlr+ntg. Thè ChArity no¢d& tts •ngur• Ihat it hap wffici•nt In¢Orllv to be oble to fijnd day lo day activities and to maint8in the almhous88 to a r8asonab18 stsftdard and h88 sufflclenl resorv8S to undertoke improvemnts to the facilhi88 offered. The Tru8tee8 rèmain ¢l￿fident that Ihelr pr8s8nt fina￿181 pK)IKies are achieviThJ this. Tho Inyostmgnt Policy and ObAe¢tlv•s, Includlng tho extht IM any) to w1￿h soclal, envlronmental or ethlcal Gonslderatlon$ 4re taken Into account The Board of Truste8s has a(knpted an investmenl pxlicy d8sign8d lo re81 value of capi181 in the long term whil8 ydding a gocrtl 18vel of income. The Trusl80s' investment strat8gy remains that of providirKJ capital growth at m8dium risk by invosting in a mix of UK and overseas ￿ultIeS and oth8r ved invaluable in $1gppiryJ in to help and be available Wh￿ roqvw&l. Lancelot Hasluck Trust The Re ort of the Trustees for the ear ended 31 December 2024 Th• nran•B of tho Chlof Exgcutfve Offlcor •KI otsr 8•nlor staff Membors to whom day to day managwnont of th Chorltylo dgl•g&od by th8 Charlty Tru8tee8: Mrs. Ei188n Poll BS¢ PGCE Mr. Richard Murray FMAAT Mrs. Heather Greaney Mr. Andrew Gr6anèy Miss Mary Winch Cbrk ￿n￿Ce Offi￿r Site Manager Sislanl Sile Mana9er Assi$t8nt lo the Sile Man8gor The Membern of thg Board of Trustoes of th• Charlty durfng thg year ended 31 December 2024 were: Nominaled by tho LoFKknn B￿(￿gh of Bam8t perKKI endlng: 10 July 2027 Cllr. T. Vourou c￿Optsd for tho pwilxl endiTrJ.' 19 November 2029 15June 2025 20 Juty 2025 19 November 2025 19 November 2026 19 November 2027 10July 2028 19 November 2028 19 November 2028 M$ P. Coakley Webb. Mr. l. Godfrey Mrs. H. George Mrs J. Adak" (Vice.Chaffl The Revd. V. Frederick George MBP (resi￿ed July 21Y24) Mr. P.S. Whtie M8E' JP(Chalrl Mr A Tambourifjes Mrs. H. Alford The Revd. Dr. Aec Cor ' Members of the Finan¢0 Sub£offlmitt88 The Me￿*￿T5 of the 8oanl of Tru$toes of t￿ Charlty on the dale when the Report and Accounts w8r• approvod ￿r•. Nomlnated by the London 8mJgh of Bam81 the pernd ending: 10 July 2027 Mr. Vourou Co-opted for the F*rtod andir¥J'. 19 Novemt*r 2029 Ms P. CoaklEy Webb. Mr. l. Godfrey Mrs. H. George Mrs J. Adak" (Vice-chairl Mr. P.S. White MBE. JP{Chairl Mr A. Tambourides Mrs. H. Aford The Revd. Dr. Ajec Corio 15 June 202$ 20 July 2025 19 November 2(Y25 19 NOveM￿r 2027 10 July 2028 19 November 2028 19 Novamber 2028 ' Mèmbers of tha Finar￿9 Sub-Coinmitt88 Lancolot Hasluck TNst TheRe Trustees lor the ear eDded 31 DeceM￿r 2024 Residents S&11y Mr Jrthn Halloren died 8u(klw*ly In J8nuary 2024. Thrcwghout the year the Twstees have been p￿sed to welcome new residents- Mlss J. Jennlngs, Mr. S. Macdonald. Mr. K. Day. Mr. and Mr. P. Nally. Coff66 ffK)ming6 re61arted thr6 year aThJ are hekj monthly. These are ￿￿11 attended and it ' hoped lo provmje Speakers al sc¥ne of the me8b'ngs. onre the weather irryroves. The TV conc8ssioTrary licen￿ ft)r eligib￿ residonls was sucrAssfully renewed, resulting in siderable $8ving for our residents. The annua outlng toc* ￿aCe again al the end of August. Residents and thelr dose friernls as well as a few Trustees and some Mernb￿s from a lttal Ajmshouse enjoyed a sunny day in Southend. The Chrlslmas paty was hèld ajaln In December. The resKlents were nol only entertained w6th a qu4z, and delighted by the thal primary schoofs choir but also 2 residents provlded extra enloyment in the frjrm of singiThJ and sintraiongs. 11 is hoped this wll become an annual or bi-annual evenL 8•nk•rn Bardays Bank PIC Scottt8h Widows B8nk PIC COIF Charities D8￿SlI Fund Rathb(Me Invesknent Managemant Limiled Old Mutual (Skandia Multifunds} CCLA InV8stn￿ ManaoenKgnt Limi Ind•pendent Examln¢r Ajexander Dave Chartered Accountants 5 Braemor8 Court CockfostefS Road B8rn&t Herts EN4 OAE Lane•lot Ho8lu¢k Trust 7he Ro rt ol th• Trusto•$ for th• •ar ondod 31 D•cern￿r 2 Btat•mwtt olTrust••¥' R•sponslbintles Charyiy Law requires the Board b prepare Iln8nc4al ststements fcf eAch financial year which give 8 true and fair view of the state of affaits of th8 Charity as at the end of the finanGial year and oflhe Wlus or dèftdi of Ihè CIT8rlty. m kfaP8rtng tlM)s8 finanthal statement6 the Board is rwuired to:_ - select suitable acc¢undng pdlaes and then apply them consr6tenty - make lU¢Jg￿￿nts and estim8t8s that ar8 reasonable and prudent pr•pare the financlal $tatemgnts on a golro c￿)r￿n bo918 unl888 It 18 inapproprl*8 to prnsume that the Charity will continuo in bJ8in8s8', and have been statements. The Trustees are also resF¥Jnsible for rr•)nitoring prO￿r aGo)undng records whth dlsclos8 wilh re88onabl8 ac￿r8¢Y at any tirfft the fIr￿ncl81 posltion of the ChaTIty and which are sufficient lo sh(wi and explain the Charity's trarlsaclions and enable them to ensure Ih8t the financial staltments comply with regulations made und8r th8 Ch8rtties Act. They are 81so rg$ponsible for safeguarding the assets of the Ch8rity and h8nce for t8king r68sonable sleps for the prevention and detection of fraud arKI othor irregularilt88. The Trust88s are also r8sp)nsible for the ￿nten1$ of the TfUStees' Report and the responsibility of the Irthpendanl Examirw in relation to the Tru8tses' RgF*Yt i¥ limited to examiniThJ th6 f&FNYt and ensuring that, on the of ihe report, there 818 no in￿n819t@nClBS with the figums di8¢108ed in fhe financi&l statements. Mr. P.S. Whlto, MBE JP Chalr Mrn. J. Adak Vleo 61.933 Op•ra*lng 1110.9J9) 51.614 5.471 28.￿7 16,1441 Y,787 34.936 Incort*from (thèrfixed B¥*t1ThT5trr￿ Inlwest wvat18 8wply￿￿on(1I1OnOYdlnWy￿*mIl86ts￿w 14,713 118.0971 SwpkMlld•ndtllorihèllbwielaly•ar 14.713 118.0971 R8talfied 8ulp1￿{dIfidI1T¢rtt•finln¢lal 14.713 118.0971 JIKttvIll￿d•rfY• up•r*lon• Statement of Total R•cognL*8d Galn8 and Lou for th• y•ar •nd•d 31 D*c•mb4r Excesscllncwnaovet ExpgrK*¢ure before realis8￿C￿(la￿*¥ 137.1011 151.1821 Rtralwj Gaw￿11￿)6$e$j w Inv8slnwts PrDfftIILos81 rwPrrfA and Loss rnnt UnrBalised Gan6 C￿ 14.713 I18.￿7) 141.473 4•tMowm•nt In luThJ¥ b•lor•Won Th• oh pwg•¥ 17to 23 fomi m Irt•gr￿ p￿01th￿9 13 L￿te10t Hasluck Tru•t Slatom•nt of Flnanclal Adlvlll•s Includlng In¢omo and Expend￿￿ lor thg yger ended 31 1)¢¢¢rnbpr 21124 M¢>v•m•nt• In r•vonuo and caplt•l fvrnl¥ for year 31 Decernber 2024 R9v9n￿ a¢¢umulwt•d fvTrJ8 L1•t￿ F¥nd• Tal•1 F4thdB 2023 513.905 47,3201 541 I￿.[￿2 513.4kS 47.33) Transfers (*¥Wed•JM 513. Totll P￿d￿ Lut y•ar At l J8ryJary ReLwnisedg8ln8 •)J befue trBrn*rs At 31 EW*gr 517.9 49t, 17 S170 EndoMryn•nt lun X23 Et)Jo￿￿¥n1fvrKIs br￿Jght10￿1ad 1,912.556 1,867,W7 Flx•d La•ty•w Tolal Fund6 Fund• Furb A11JM Re￿ni%￿gaI￿ los89s Al 31 Der*mbar 4Y),975 17,595 448.570 217.X 84&279 17.595 .874 41.921 648.Z79 217.JM Summary of fvndB Fund• Tolal FyndB 2023 466.S8S Rovenue do￿0n#t#dfi￿Y Fixed a88ét filth Endr1•An￿1 fiJTh Total fvnds 528.717 528.717 874 1ts16.210 1707,386 517.9 648,279 l.Y2%56 3.622h76 448,570 217.>)4 2.046.210 2.046.210 528.717 915.155 217.304 Tr* •tatem•th olGlThw•s In ruourrn•t•pll¢dfoTllxqd u¥el• lor Gh*11yUM I¥¥hty￿ In UwnLM•8 to11*a￿￿t% on 17 to 23 10rn1 * 1rt89wal pwrt olthe8•*eourts. 14 Lancdot H•*uck Trust 84l•nce Sheet • rt J1 December 2024 2Q24 2023 rh• •ndllabllitK• oltho oh•tXy.' Flxed ¥Es•ts Tangible asuts Inveslmerrts Tot•1 fixed ￿•t8 379,697 39),683 10 2.877.892 2,778,D91 Cuff•nt a¥••ts D*bttsrs Cu￿￿nI A$set Investrnents Cash al bank •nd in h•nd Totsl ¢uff•nt •M•ts 4.313 285,101 22,405 286,193 46 12 Cr•dllorn'.. •mount# duo V4ilhin Dn• y•¥ 13 {28.txJii 144.4RO) N•t ¢umt B39,484 144.565 Tot•laH•ts l•M wmntll•blllll•• 3,707,386 3,622,676 awvJunl• due I¥￿rE Ihjn onr yew 3,707.388 3,622,078 Th• lund• olth• ¢h•rtty.' UnMStiiet•d n¢om• fund un￿ 51ricted revenue acujmulakd funds 14 EKtr8 fjwdinary repairs tund 14 Unr•stri¢tsd ¢awtal funds De¥ignated fixed oJJel funds Total unr•strietedlund R•stri¢t•d capital lunds Resiftcted fixed 8S3et fvnd$ Total rÈstrf¢t•d fund Endowment lund• 466.585 528717 513.905 17 1,443,872 1,482,816 14 217,304 2,048,210 14 217,3Q4 1.942.5&1 T•*•1 J,107,3B6 3.622,678 TnJAt￿l Mr. P•t•T Ch•lr of TnJste•s r8 Jean•tt• Athk Vic• Chair of Tru$t••• and the FiTran¢• COTr￿￿¢ Couneillop Paullm Coakl•y-IA4bb Chair of Ihe Financ• CorMytt• Appr•v•d byth• tru•t•v¥ gn 14 Aprm 1025 Th• not•• On paq•4 17 to 23 lorni Int•qrnl part 01 thM* •rcouM 16 Lanc•lot Ha￿UCk Trust Not•s to tho Account• rorth• y•ar •nd•d 31 D•c•mb•r 2tr24 1 A¢cow*lrwJ polkl¢s B•*• ofA¥•parnth7n ofth••¢Gounts The finan¢lal statemen15 have been prepared in atccrdance with A(tount1r￿ and Reportln8 by Chiritie5.' 5tatemeTht of Recommefided PractKe applkable to charfties preparln8 thÈir account5 in accordance with the Financial Reporting StaThJard applltable ITr the UK and RepublK ol Ireland (FR5 102- efFert￿e ljanuary 20151- ICharltlesSORP FRS 1021. The chBrft&blt companymeetsthe deFlnith?nof a publlc benefft Èntity under FRS 102. Assets irtd liibllk585are Inttlally retoAh15ed at hiStOr￿al cost or tra￿a(t￿ value otherWr￿ ststed in the rekvant accounting polky or note. The chanty has 8dvanlag0 of tho •xwWwb ID Flnanciol Rwiing Standard No 1 Irom Ihè rewIrem￿l h) a cash I1￿ 8l8tem8 The charty ￿p￿l*b￿aTr ￿aÉ dlfflr￿d by FRS102. A¢¢￿￿tIng con4*ftdon Tre f￿￿￿151 statements W8 m8MI. rm a e£K¢om basiB. Lwthr thg Ngb)rft41 eL*t mtlhl•d ty t r8v*uaiion of assot Invast￿ts. Going Concvn Iru8te88 con8id8r th81 Ih8re we no mal8ri81 untrthant￿ ab)ut th8 thtsrtsble comparry's abllty to t￿lINe as a grArwJ t￿￿ern. ludgom•nts that Ihe chArfl8bl# co￿￿rry haB mad8 hBve a sign￿an1 tlfect on Ihe accwnls I￿￿ld@ 85￿m￿l￿g I8bilrty frrm muth-yÈ8rg￿I rrrnftwtinontl. InJst4•s do nol conKidor that thoNJ aro any Sourc￿ of o$L¥nation ￿C￿rtaInty at the repo￿"n0 dat¥ Ih8t have a rtsk of causing a matarnl 8dJu$lftw￿ lo th8 d889•ts and ￿.¥)111￿&S vthhin next rgw>itirvJ ￿n(￿J. Inccffllng r88wr¢es *8 acLwnW foron a rvKavaL4e ba8b. Alalnt8nanc8 reven￿ ￿ *xx>￿t￿d whon rtcal¥abl& ONidN¥Js 8r8 i￿￿ad In(W￿ ￿ expeThliturewx(wJnt dthpd at an arT￿nt IrKkKlJ8th8 t&¥ cr*lll r8cover8Ne the In18nd Rtvthw. B￿k ￿terest i85ndL¥l&l in fv incymoarvj expEndiiure bas￿. In ocoxdarKe wrth the Stderwnt of R*CMmèrw￿ Procl*% &Jr AcL¥JJrkn9 Ilep)ititYJ by the Charfty Coft*nls%lonerg for EngLqnd & Wales gtants r8￿Ved ln alfvan￿ and ty Ihè donor as relaling to srrific atts)unlwi9 ￿1%]d5 Bltern81ivdy are sthject to cthdi11(￿ which we sbll to mgt. and 1*h￿h oul&(* Ihe control ol tharity or wf*r8 It o unLErtain the coTra￿c￿S Can or wll be 8re defer￿￿ ac￿￿18 bBsL8 to Ihe ￿rI3￿ to Ihry rdate. Sth d•farrydls in t￿ tK4&8 to th8 ￿ount$ and th8 s￿8 Invrtsy are shr￿Tr as ¢￿it￿$ In tho aC(th￿ts. Liai¥litie5 8re recrNJnbeO th8 att[u￿$ 0osE ￿ 8x0rdar￿ with r￿rrna1 ryD>ple$. mod**d ' 8¢¢orttsn￿O wlth Iho 9￿d￿nL* gfven In Ihe &at•rrtnt of FkntMJtwJthl Pr￿th P£EyJurnkng aWKJ Re￿rnrO 158UgJ OY im Ch8rity CLYnmissp3ners lor EnglaTrJ & W*. The rdlw Ic¢ i￿￿thI1ng it8nts thè rel8v*tt ¢atwes d r8sources on bath as a 1k￿litY is JTrÉd. EyrOthr8 Includ￿ any VAT %st4ch fully r￿C￿e￿d, arxl is rewt•J as a¥￿nd￿￿e 10 whth rglat85. In Ihg I1￿￿Jd￿NJI18￿￿wlthln cf*ts I￿￿$. 15 Costs of ger*rnting lund8 Costs cl fvTrJ8 com￿12* d ¢oJts aSBcd8ts(S wlth ¥c4urtary c06ts 01 trndiry IDr fr1ndra￿ll¥j chvll8bKg&UV￿￿s Charitsb￿ expgtKliture comkVi* crats Irt￿r￿j by IhB chanty in d8lNery of ts activth.es 8rvJ ¥wvK¥s fr)r Its It inBludBG fAMts that can bo 81(MteAI dlrorlly to acimtigs aTrJ ItK*o costs ￿ an 1ndkn￿ nabjrn to $UFf#Nt ih8m. 16 Lan¢•lot Ha¥luBk TTU8t Notss to tho Ac¢ounl• forth• ￿#r ond•d 31 D•¢•mb•r2024 I￿A￿de Ihw rosts aswdal•J wlth mu•ting cnnsllutbnal ar¥J r￿U*0m￿lS of thg aTr the Y￿￿tfee$ and (J)st¥ lirAed iD strete9￿ management ofthe ¢harly. rAion ofcoytswttNntyw off0￿rCeS•X￿￿y& The metlK¥Js and wnoFles frx and 4pkwJrty)nrywrt Lrfal rthts be￿rtt￿e ¢Jdfw¢niaLtri1ycate￿3 d resour 8et are:. DiTwAco*2- Co8tefvlab"rYd toa p*tKLdaruc*vity arc Supwtecét8- T￿*• ec•tJ aFwticthd askArLWB: . si&ff LTht i5 bBsedon 818ft Realiswj gal￿ aThY I(*68s arehthjthl In th¢ atix)wts rnth9datoatw￿c￿ a ¢￿tr￿1 kgerrtered Into. UrY8alW gans and ktssas arè tA)mWt￿ ty refwerr4 to 1h8 mak8t ￿u8 crf the lrw6stn￿ts ￿L8rth sh88t thte. compared to the t￿0￿hL valualK￿. and gar% kjsses WWArwJ ￿ sknilw calwes (A are [￿lled Inve5tfflents h8ldbythe ¢h•rfty The lor Ir¢luthng inve51ments in th& xcc*Jrt8 has IcAkMs:_ L15t8d ￿veStments h8V8 kndudBd In IhB b￿￿cesh6o1*1WMWJ. maTk•tvaluB aith&yoor•*J. Flx•d4ss•ts andd•pr•eliiion Dep￿dalon h& rKrfvk*aJ al tr* follfft rèm In i*thrlo*ryttooff the a￿•tr Ilas8tl*iredrtthJ r*laual valuè l ovèr ireS￿m￿ed wfLA li￿. FvÈth)hl Jand 8nd 2% slraighl kne anl aTh1 machw 25% str&wMlr CrfftyThnt imroivwnerts 1(k25 yè*s Artyuklr ￿r￿al rewwdthe lknlhxoj ol Irv1￿￿1￿ ￿l￿Tr. As 8 r￿￿t￿r9d ch8rity, lh& ccryany 15 8X9mpt fvcm lax to th& extenl Ihgt its 98in6 appll¢aL48 to rAJrrK)Ges only. val￿ A(IW Tax is not r&2)vet8tde by ts ttryarry , aThl Is in t rdevwl IhB S1tsnwt￿ knties 17 Lanc•lot HaS1￿kTrUst Noi•s to thA A¢¢ounl• forth• y•ar •nd•d 31 D•¢•mb•r2024 charty m￿ta"n8 8 owpj unrethdej lund lJThJs wIMch arE atlh of ts IrLBtees" rurther8nc8 of Ih8 04"￿ts tt￿"ty. Suth thjnds hdd in tyder to txith wit818TrY capl4 investm￿1. The B￿ld1r￿Jg Equlpn•rt FuTh118 r81tricaa1 aato usecdorAtsI.. it￿￿Trte$ I￿1[￿rn. C8Wt81 En¢*Mrront F¢JThJ Is restslcted a8 to the ￿ of (¥5*t81; tht ir*Lxn8 that it 18 wrp¥)¥ of Ch&ty. The Extrth1r￿ry Flwtts F￿nd ho9 been degvJnoted iw Il* Inth5 and eyzlusith frcffi there reBtrUtyw CY) use dtho Inoxne. Th8 CoM￿Y cperatss a darl￿d comrib￿C￿ FensvJTr are tot￿ pr¢fft hjsgsccount as they payable in ￿lE¥￿anCe wth ts rul85 ¢Athe *Jwme. 2 Wlndlry up or dlmokntlon of tha ¢h 11 uwrs ￿l￿diTyj up or crf the chanty ltsre TrmBin alterthe satsiX￿￿ of al d8bts and the 888ets represertsd ty the luTrJ 8h*l tr￿1[￿j b) somè otsr chathaJ* b)ty LV toJ*s ha￿r￿j (*4th to t 3 Cfftlul XCOUTrfng andJudwn•nts atthrt ts carryiry arwrt ol assets w)d liabilities that are ncl appar*)t from (rtI￿r sojrces. ￿ esllmates and aSsoc￿￿j assumpti￿$ are b&ed ￿ h￿l0r￿1 tixperi￿￿ *)d othw Ihai are ¢on$NYwed to t* rel*ant. fvthjal re$ull$ may dThler from 08lmates mdeiwd aswmpthm a￿ revwed wyiryJ bo51& to a￿9Yn1'TrJ ￿tiM￿ are rwnwJ In the p8r** ir¢ which ts estima* ￿ r8¥wd %•tsre *fthys mly that L¥ Wl PWiL¥I rf the [B￿s￿)n fviw8 pwJs wh8r•the revlskn *kl futuro WKxI$. 4 8Ury4u￿dlfvIt1 fDr thw finandal Th1• IB•t&lbd rfi•r er•dlllng:. 1KI,478 170.￿ and •ll•r¢h•rylng'." 11015 11015 Pension Luts IrKJeppndenl Ex￿￿'r*S F*8 Funds bdoryiro to Ine chgnty the treen used for the purclw5e of 1nsvrnt￿% lo d*rty arisir¥J from gr￿ or (J8faults d Its tnts1*5, ern￿OyeeS C￿ ag8rts. or to ￿(leMn￿ its InJsteeB. L¥ •38nls, agair*t thè corwueTrx of any ¢JthLrft on Ihwr ￿lL Ihe S￿1 on such ¥Rs as in No èxpenses ￿re F*id knIDJ&t88&or pèrson$ccffinedtd*llh tW. 6 D•t•llod and￿￿* tsf¢•rt￿n lrnTrBactloft• r•4ulrnd bythw of Recon￿ond￿d Pr¥lkg for Ac¢ountln9 and Ryrtlng tythe Chrfty Ctffln4sslonu8 lor E#gl*d & Wal Varl(u8 I1￿ whirh are reqUI￿d ty ts Stat￿[￿ of fteccrfnrn8￿ FY8clte NLcountkno gThf RÈpr*Yno Lwwj by Ihe Ch8rtty CommBsh￿￿s fty EngLqThY & Wabs lo be di&gLwJ in ts ￿leS ro aCc￿nts we set out in Ihè Ddaiw lo I Statem￿1 ￿ FIn0nC￿ ￿t￿lI￿8 and rts AP￿*r*S. s￿￿ld be r¥1 ioqeU*rtwrth rwkn. 18 LAne•lot Ha8luekTN8t N¢ths to the Accounts forth• y•4r •ndod 31 D•c•mb•r 2024 7 Inw•bTrwn¢ In¢or 45.471 54,787 ot￿r b8nk daF￿1 interest re(*N8d 8 8t4ff and Pen8•)n Payments Iln¢L Pensx)n s.ieo Numbers olfull tkne orfvll tlmg no omrlwe96 Mllh ￿086 of£￿0[￿) por￿nl c￿￿1Year prK)r y•r. 9 Tan4llJl• lun¢lIon￿ ••••t• Land Ax￿ra* & A868tcos( ¥aluathn orr•¥ah￿￿1 rnnt At 1 Jw¥J8ry 2eo4 Athart￿ 529.1 21.1 9275 9.821 Al 1 January 3r24 lor the Al 3108c8mL*r 2024 15B,760 1310 1￿,938 bw*k Al 31 tknmt*r 2IY24 Al 31 t￿c￿L￿WIl 1.The 8t#M froohdd LgThJ buihjinps ar8 stst8d 8t h"stoncal No pro￿￿ prtr4th br IlbFidqtion8 on the ikjiy as f¢r b)r¥J t8mi ror*)v&'m ofts* kthdings m&Je ttrffj￿h lh• EX￿￿rd￿r￿ry Fwd. 2 Th• Tru* b￿￿Jir£S and Cort￿13 arelnsured sum ol£Y,1BO,W fjnttfrx Mnked J. The Fre8hok1 Land and tMJihling8 costs ara raF*888nW byoffrn ¢fQ111,888 and h)weo 01£217.304 8$ ¢)n I 4 The L**J at P8Tkwde Gard8￿ r8 vagtyd In Ihe c4 CLth*an lar th& Chwllvj ty ¥irbx of an order c4 tha Comn45ShXW5 dated 25 Swtemtr*r 1934. 19 LBncelot Ha¥luck Trult Notes to th• Accounts forth• y••r •nd•d 31 D•c•mb•r2024 10 Rx•d Auel Inw8lrnonts Totsl Vgtuallon marketV*￿ al 1 J8nuary3)24 JjditK¥￿ al C8tryingvolueofdBp*d* N81 urffeaised gal￿1￿5) 2.33).916 .148 1234075 2.330.916 5.148 1233,0751 71, 71,(UJ Mart8i¥alw• •t 31 D•wmb•r 2924 2.474.079 Cath l*ld by invesknenl 24,118 Tot41 InwJ8tm•nts lrtdudroj Total Ind￿1￿j ¢#h At1 J•nwry%)24 Analy919 ofln¥tstrMrts bdwgen UK Inv•8kn•nts￿rt out￿* th• UK UnHtsI Total Investrnent as*$ n) i In¥8sm8rn as*ts IxAsidB ts i 2.￿,1 2.498,195 Total Ma￿•1 v4lu• 2.W.195 Un14thd TfAal In¥e5tment &80s kn tho LK Investmem assds ¢x¢sth the LK 2.387,4C 2J87,4C yo1￿ m•rt•t V8lu 2.387. R¢4li¥•J Galns on LknIL*d Totsl R•allsed G•ln$ on dknpogalj Mna pY(¥y*nm rDlthd GatryirvJ Val￿ Ll D￿1 Pro(*eds N•t r•q119•d Iwln¥llknM• Ust¢d In¥Mknents Indihl• Ih fpllo*lng matorw knm:. Z33,075 1284ffi91 2S3.075 12e4.&891 Llsted in¥8st￿* In￿￿e lol£w'r¥J e&h rewesenl greater tt*n S% of ts mrket Y￿U￿ d tk¢ ru01￿). Ma Matht VahJ• COIF Charity INV￿lm￿ Ir COIF ChHrity FLTrJ8 08vdoFxrwrt frj t￿.984 t￿.286 U￿S Lan￿1•1 H*•1￿kr1US1 Not•$ to th• Accounts forth• ￿•r•nO•d 31 2024 81ntenaneé léé8 thbk Pr8poi¢J 4313 24405 12 Inw81n￿ hdd a• ￿rI•l* ••e•ts X23 13 Cr•dkorn: lalllty on• X23 10,347 19,4D) ¥uwJ exp81￿85 PAYE and hl Otsr Crthr8 4.879 14 Relal•d porty*rnrnxOoM There%￿re rK> r8bt8d wrty tr￿￿k)n$ dutytr* 20241 non820231. 13 ol¢ho 14ot llo¥•m￿ In FtM4 137.1011 I2.￿) 14 111.9531 (2,41fj1 Realts&l ggir6 on irN8sthv Not Iiwn*nt In lundB avallth forfvtyr• aclTrthl•• Addit￿• diopw￿B. 21 Lanc•lot Ha•luek Tru#t Nol•$ to th• kncount• forth• y•ar end￿ 31 O•c•mb•r2024 16 PartJ¢ul•rn oflndlvbdual FurKls and Hnitysls ol ass•ts and lablltlw rnwwonllng At 31 D•c•nbw2024 217aN 379rn7 451886 1046210 2.￿,1 126.(1)11 6.￿•) At1 J•nullryXQ4 1T4379 217• Invpstrnvts 2.387.4 4.W) 144.wl Tlx* Indlvklud funth Induthd •bty4• w•:. Funds at 3)23 rransfws Funds at 2024 Fur 513AkS 4￿.975 217,X 517.936 1.M2. - 3.6t.676- (64,6431 17,595 448570 217.1 euildings & EqUIk¥n￿ Fw Extrtrjrdingry Rewrs Capital End￿￿rt F￿ 28,104 103.654 81,71 2.046.210 In lur 4.112 431 175*5 28.104 103.1151 D8vdr¥Jmentknd Extr&jrdir￿ry Ro[￿rts FUTh Mtai E￿￿nI FLThI 291 12t.811 charty rrk4ttsn8 a gBrnral umtri(xBd I￿￿ w￿m reryesenL8 fmlk gre exp0n0ab￿ al t￿ I&Bcf81ion dlhg tru$l8gs in lurth8ranc8 oftt* clthè tharlty. Suth fvnds may b8 hdd in (￿0r10 finartt toth VKthrYJ Cap￿ aThl Capit￿ inv8Stm8rt Th8 BulltlrYJ$ and Eq￿￿￿￿t FuThl18 fÉstriGledas1o w•ofc•tal', A￿￿rat￿5 ￿ IruTr&. Thg C8rAt81 Ermtrywwl Furnj 18 r8*tricW io Ihe ￿￿1. wKunethat li￿nerat*S for ￿neral purpos6 Extraordinary FuTrJ h8s be8n de*Jry¥tsd 45 8uch ty Ihg trust￿ and exclwth *m.' thBre arg LaD¢•loiH*bluckTtwt 5¢h•dvl•knth• Stat•montolFlrwwKlal Act￿￿11•• fw th•y•ar•nd•d J1 D•¢•rthr 2024 Bnd RepJtknKJ is**d As ￿Ch. IW fcffti 8 Wi01 rwjwed RqKxtsl FuThh Tothi FUN In¢omin4 RBBourc•Bfrorng•norat•d fijnts V(4wlwy 4T1 2B.337 28.337 Incomlno from¢h•rftabhaclMts• 179.561 B17 1*,749 917 Totsl InEpmlnB r••ouroJ•fri• IwAn 170 Totsl IncLYnlng R•xourry¥ XO.311 S1*14 .937 ,1441 141.473 13SJ29 1&595 15. 1S,WS Chwll•bl••xp•ndllth• Iknw81 Repaits ￿ IAanknn CBr Pwk R8tey waierr8ts8 l & 1nÈtd￿jTr￿) 157.431 157,431 141,218 a3U4 7.041 1rn531 7.011 174lJl 6.616 I￿1￿8 Z2.147 1.718 1&671 15M71 15.2Y2 23 lorth4 ywr •nd•d 31 D•¢•mhr2024 Fur ￿J1 17 17m 17.593 1522 412 12.720 Leua r Fln3nc4 rdfi¢W5 12. 41 12. 5,1 12,6 4.024 Telep￿￿1 8ndf&x 2*12 2912 2,912 1280 lih ard s&kty Bank dwr 74 124 74 134 1245 1.19 24