Ch•rity number: 208877 THE LADY HIND TRUST Trustses, Report and Flnancial Statsments For the Year End8d 31 December 2023
THE LADY HIND TRUST Page Rofer•nce and Admlnlstrallve Ootails of lh• Ch¥lty. ils Trusts•s and Advis¢rs Trusteos. Roport Ind9pendent Auditors. R•port on th• Fifft•n¢lal Slalowts Staioment of FlnanGial Actlvltl io Balanco Sheèt 11 Notes to th Flnanclal Slatwnents 12-24
ThE LADY HIND TRUST R•f•rnnc• and Alministratl¥• Detslls of th• Ch¥ty. Ils Trust••s and Advisws For the Year Ended 31 D•¢emb•r 2023 Trust••s CWLBaThatt THFarr N R Savory J D Pears CharSty reglstered number Prlncipal offlc• po eox 10455 Nottingh Nottinghamslire NG5 OHR Indèynd•nt audltors PKF Smith c¢OperAlI1 Limited Statutcry Audi 2 Lace M¥kel SqLwe Nottintham NG1 1P8 Soll¢l Keystone Law Limited 48 Chww Le London WC2A 1JF Inv•stm•nt advis¢rs Barratt & Cooke Limited S Opie Street NolCh NR13DW Page 1
THE LADY HIND TRUST Trnstg•$' R•port For tho Y•ar Ended 31 D¢thnb8r 2023 The Iruslees present the¥ nUal rew)rt together the audited finwKial statements for the year ended 31 December 2023. The finarKAal statements have been Fryared in accordance with the accounting policies set out in nol8 1 to the accounts and comply V4ith the terms of the Vill under vthith the tmsl was established, the Charrties Acl 2011 arml Finanaal Rerting Standard 102 Tr Financial RepO"ng Strd applicable in the UK and RePU1C of Irelan(r (FRS 102) and Ihe Charthes SORP 2015 (SORP 20151. ObJectlve• and Adl¥ltl•• a. Pollclos and oble¢tlves Th8 sole objecbve and activrty of the trust is Ihe of granis. The truBtee8 are aware that they must carry on the charitls activities for the public berfrt ¥KI th mt pay reg¥d to thè guidane on wblic benefit issued by the Charity Ccmmissh)n. In setting objectives and plannir¥J for xlbvities. trustees have given consideration to general guidance published by thé Charty Commission relating Io Fné)li¢ bengf( indUd9 the guidance 'Public benefit.. running chanty {PB2)'. b. Sira¢ogl•s and adlvths for achioving obiectlv The trustees consider trAt the charitls aims and activi we for tr PLthlic benefft since a grant making Iwsl and grants are ordy made lo other chantle olglSatiorts and not to ThI1vU. . Maln ac¢lvlll•¥ undortaken to fwi1 thè chity% purposes fw th• public bonelll The trustees Conder am Writte applications made to them by charitable organisations. Such applications are reviwwed by every trustee prior to the trustees, fow4nonlhty meetings and are discussed al such meetings. Grants are awarded at suth meetings to those Organ"On5 which the trustees collectively consider to worthy of their support. Grants are aWded prin¢ipaly lo ins1itul1 based On thw'r levd of need and with a geographical bias lowards Nottinghamslire and Norfolk. hlwmments and p•rfornianc• a. R•vl•w of acllvltl•s and k•y p•rfonvn¢g Indicators During the year the nel irwe gwwated by trust lats ¢Irj supwrt ¢osts aThJ other expenses before tsking accounl of realised arKI unr8alised gainslloss8s on investment assets) was £511,196 12022.. £575,221). During the year the trustees awar(led grants amwnbng in aggregate to £598.00012022.. £455.0001 A breakdown of the grants mad& to organisabons for £l.000 or more can be foLmd in the note5 to Ihe accounts. The defiol ol net income over wls resulted in the e4xxmiLrtated coMe ol the ¢hanty (its free r8servesl decreasing frorn £347.357 to £260.553. The net after4Jrant defial income ed by the twst (before takiro acecnI of fealised and realIsed gainsseS on investment assetsl was £86.804 (2022.. su5 of £120.2211. The nel afterTant surplus for the year (after taking accounl of Tealiwj and unrealised gan investm*K assets) wa$ £1.529.956 {2022: deficrt of £3,246.122I. The 1 assets olthe trust ai the year erKI nled to £23,243.599 <2022: £21.713,643). Page 2
THE LADY HIND TRUST Trtte•s. RoP(¥t (Continu For th• Ythv End•d 31 Docembor 2023 Flnanclal r•vlow . Golng conrn After making appropriate enquirw, the trustees have a reasonable exFeCtation that the charity has adequate resources to conUnL in operational existenee for the loreseeatle fijture. For this reason they conunue to adopt the going concem basis in prepanng the financial slatemenis. Further d8tals regarding th8 adoption of the going eoneern basi$ can be found in the a¢countbng pdicies. b. R?sor¥es poll It is the general polry of the trusl to rthn all of Ihe compromises pt of its reser to distribute each year through granls all of the trusfs inccwne thlch is not used to meet rts governance and management costs. However. the trustees re$e the akn.lty to retsin part of the trust's income for any year as Part of its reserves and not lo distn.bute the whole of urexpended iOrne rf in that year the trust receives insufficient applICatnS for grants wthich th8 trusle8s n$¥jer rthY of thwr support andl or the Iru5t8es bali8ve the value of the trusfs investments has falen lo a siwifficant extent. ¢. Matorlal Inv•sts))onts pollcy and wlornlance The trustees, investment assets are managed by invesbnent athisers. The apponlment of investment advisers 18 reviewed by the trustees periLNJicaty. The ¢xMrent advisers are Barratt & Cooke Limited wtho are employed on a discretionary basis. They are instructed by the trustees lo invest in a 101) wll generate a balance of income growth a mJiunvlNgh risk Durir4J the year. the investments generated a realised and unrealised surplus of £1.616.760 12022.. deficit of £3,366.3431 and the aggr8gata ¥ahJe of tha vestments. ill¥jIng caF4lal cash of £410,809 (2022.. £360,486). increased from £21.442,399 to £23.059.622. Trms 7.54% increase in Val CoMpe$ wth a 9.01% increase in the PIMFA Growth Index. the trustees. chosen berKmark lin 2022 the aggregate vahJe of these imiestmen15 decreased over the year by 13.41% 4)ieh eompared with a de¢rea$e of 8.18% in the PIMFA Growth Indèx In that >Ear). 8tru¢ture. gov9mae and Mariagl9 a. Conslllullon The Lady Hind Trust was established Lmder the vill of the late Lady Lilian Frances Hind who died on 15 May 1951 anrj is a regstered charity Id)anty number 208877). Under her she directed that the charity's fund shtsJld be used for such eharitstde purp)se$ in Eng4aTrJ aTrJ Wale$ a$ the Iru$tee$ in ther absolute di$cretion considei fit. The trust does not actively raise funds kS to contwiug ts tharitable Iwving requested by the leslator ihrough the careful stewardship of ils existirKJ resc4rn. Page 3
THE LADY HIND TRUST Tntst•es' Report Icontinwd) F4x the Yur End•d 31 2023 Structur•. gov•manc• and mana9wn•nt (conllnued} b. Methods of appolnlmont or gl•thn ol tr10•9 Tfustees are appowed a$ and Ihe corrtHying trustees see fft. The wll imposes M limitation on the periods for which trustees shall sem and no such hmriations have been made on the appointment of the current trustees. Because grants are made principally to orgarisations based in Notbnghamshire and Norfolk. new trustees are likely to be persons who resKle m arKI are kn¢ywledgeable ab¢JJl charitse institutions in those counlies. At thèir four-monthly meetings. the Iruslees aw the lyoad strategy arthj Ofeas of acbvity for the trust, induth'ng consideration of gRnt making. investment. reserves and nsk rnant pdicies and perfmnce. The day to day administration of the gr1 proeessry and of the handling of applicatn9 prior to consideration by th8 Iruslges is und8rtaken by Mr D N Lindey who can be con&icled at PO Box 10455. NOttInM. NG5 OHR. The trustees keep their skill wuremenls under review. The Irustees arg encouraged to attend relevanl external trainmg reg¥d to relevant legislation and d)anges a1 their role as tnjstees generally. The inductbcln process for any neY aptK)inted trustee clxnpnses of a meetirvJ or meelings which covers the powers and respon5ibiliti.es of trustees and the grant prc¥XS a¢kpted by the trust. Newly appointed Ifustses are provided with copies of the wll of the te Lay Llan Frances HiThl. eops of the last three years, annual tts and aCcots of the Irust and of Ih8 miThrt8s of the last three . trustees. meetings as wdl as a copy of the Chty CoMmissic'S relevant giHdance. c. R•lat•d party r•latlonshs The Charfes Littlwood Hill Trusl is a cc¥clad charity tUSe it has common trusi8es to the Laty H#id Trust. The Charles Litme¥Qd Hill Trust is a registered dwity. registration number 286350 ar¥J can be contacted al PO Box 10454, Notbnham NG5 ¢>lQ. No transactions have tak8n pla¢8 be Ihe thafities dufirKJ the years erthd 31 DecembeT 2023 and 31 December 2022. d. Financial risk man•gom•nt The trustees have COfNdered the fvyinople risks to which ts tharity Is exwsed, concemiw cash, in4MOnt9 and grants and have reviewed those risks and have eSths systems and procedures to manage ltrnse risks. Th• risk management strategy is mievEd annu. Plans for fu¢urg pgrkx The tJustees' c4je¢tive is to enswe tPAt in luiwe yeats thè amnts of ineome net of expendilure that are availablg for distribLth'on to other charitable organisatsons weases year by year at a level excess of *iflabon, if possible. At the same lime the trustees recognis8 Ihal they should continue lo invest in top quality property funds, ffixed interest securities. index Inked searthe5 WKI equities in order lo ensure. as besl they can, the continued growth of the trust fur. Page 4
THE LADY HIND TRUST For tho Year End 31 (lec•mr 2023 Statwn•nt of trust. r•sponsibllitl•s The trustees are le$n$1b1e for KwirYJ the Twstees. RetJt a)d the fmncial statements in accordance vthh applica8 law aThJ Urmted KirwJ¢kn Accnrj StarK {UThted Kingdom Generally Accepted AccountirwJ Prxlice). The law aptdicable to charities in Engld & Wales wires the trustees lo prepare finanual statements lor eath finawal whith give a true and fw'r viw of the slate of aff•'rs of Ihe charty and of is Yrning resource5 and application of reswrces. iluding its IrMe explItiJre. for that period. In prepng these financial statements. the tru51ees are reqLNred to.. select suitable accounting polues and then applythem wisistenty. observe the methods and pnnciples of the Charilies SORP {FRS 102)., make judgments and accounting estimatss that are reascrfwt4e and Fdent. state wttelher applicable UK Accounting Standards IFRS 102) have been follcwd, sthj8Ct to any material departures disclosed and explained in the financial stslements.. prepare the nCIal statements on the gcmrbj CoeM basis urless it is inappropriate lo presum8 that the charity wll conthue in ISineSS. The trustees are respon&ble for keen9 adequate acc1 records that are suffici1 to show and explain the charitys transactions and disdose with reasonable LraCY at any b.me the financial ptIOn of the charty and enable them to enswe that the anual sLements eompty V•ith the Chaiities Act 2011. the Charity (Accounts and Rep)rtsl Regulations 2008 and the FViSIOnS of the Twst deed. They are also responble for safeguarding Ihe assets of th& charity and hence tthn9 rea5? Steps for the prevenlicfi arKI dete¢tion of fraud and other irregulwitses. Dls¢loswe of Inf¢xmatlon to audltorn Each of the pers$ vkno a trustees at the l¥ne thts TNstees' Report is apKoved has confimied that.. so far as that trustee is aw*e, Ihere 15 fK> rekvant audit fftlcThation of thè chantys auditors are unaware. and that trustee has taken all the steps that OLwJhl to have been tsken a$ a trustee wi order to be aware ol any relevant audit infcffmakn arKI to aSish that the chS [lOrS are aware of that infomialion. Approved by order of the members of Ihe bowd 0ftrS w¥J siffj on tr1r b8half ty. N R Savory Trustee Date: Page 5
ThE L)y HWD TRUST Indtyendent Audkn. Rawt to thfr Mombws of The Lady Hind Tntst Opinion We have audited the finartial statements of L8ty HiThJ Tnjst (tre'¢hartyl ts the year erKle(131 De¢ember 2023 which comprise the Statement of ffinanci acth¥es, the tsalae sheet and th8 r8latod notes, including a summary of significant accounknThJ policies. The financial reporting framework that has been applied in their weparation is applicable law and Uniled King Accounling Standards. induding Finanual Reportng Standard 102 'The Financial ReportrvJ Slwdor(l apF+tile in the UK ReF4ic of Irel8ntt (United Kngdom Generalty Accepted Accounting Praclice). The financial statements have been wepared in accordance th Accounting and Repott"ng by Charities eparing their a¢LUnIS In accordance with Final ReportirKJ StarLdards ap8te in the UK and Republic of IrelaThJ {FRS 102) in preference to the Acccmffiting and Reporting by Chanlies." Statement of Recommended Praclice issued on 1 April 21rf)5 referred trj in the exiant retiOnS has been wthdfawn. Tris has been thne in order for the aeeounts lo w>vide a lrne or#J fair View in aCcd8[e the Generally Accepted Accounting Prxtica effectNe for reFthry pwiods bag'nrry on or after 1 jarry 2015. In our opini( the finanoal Statemts.. give a true fair view of the sLite of the cli.$ affairs as at 31 Deombtr 2023 and of ts in¢oming resources and applKalTon of resour$ for the year then eThled." have been propwty trepared in acccrfde thith UThted K#wdcn Generalty Accepted ACCOlirj Practi¢e", have been prepared in acc(Ydrn the rewirements of ¢he Charities Act 2011. Basls for oplnlon We conthcled dit in accutsnce ith Interna Standards on Audn9 (UK) IISAS {UKI) and applicable 18w. Our responsibilrties under those sIdardS are th1her describefj in the Auditors. responsibilities for the audit of the financial statements seCtn of our repjrt. We are independent of the charity in accordance 4Mth the ethical requiremerbts that are ley8 lo our aydit of Il n0101 statements the United Kingdcffi. including the Financial Reporting Councls Eth"cal Standwd. arKI hav8 fU110d our other elhical responsibiliti0$ in a¢¢ordan¢e wth these requyements. We believe Ihat the au(l e¥#Jen have obtained is sufficient and appryJpriate lo provide a bass for ow opiThon. Conckmlons relatlng lo golng concern In alItirj ts finarKial Slatemenls, have cc¥Kluded Ihal Ihe Twstees, use of the going concem basis of accounting in the preparatiM of the financ1 stalements is appfoprwte. Based on the w(k we have perft>mied. V• have rK #1wAifi&J any material uTertaIntIaS relth'ng lo events or conditions that. indiwdualty c CllectivelY, may cast sonificant doubt on the Tru$f$ abihty to ¢ontinue as a going n¢ern for a periTrJ of at least ¥¢ months from the fin1 statements are ah(Sed lor issue. Our responsibilities and the fesp)nsikn'bties of ts threctrys respoci to wng concem ¥e dexribed in the relevant secbons of this rep Page 6
THE LADY HIND TRUST Ind•p•nd•nt Audllons. R•port to Ihe IAomb•Ys of Th• Lady Hlnd Trust (¢ontlnu•dl Other Information The other information comprises the infcffrnalion incJded in the Annual Rewrt other than the financial statements and our Auditors. Rewl Ihereon. The trustees are responsible for tt otr infornalion conlaired within Ihg Annual Report. Our on fla1 stalements does not Cover the other information and, except lo the extent otherwise explicilty stated in ow rep)rt. ¥ do not exrMes$ any fom) of assurance ConduOn thereon. Ow responsibility is to read the othw infomation d. in doing so. consider whether the other information is materially irKonsi$trt the fmaneial statements or tyjr knOWdge obtsined in course of Ihe audit, or otheIs8 appgars lo be mat8rially mrsstated. If we bdentity such material ineonsislencies or apparent material misslalemenls, we are required lo determine whetlw this gives rise to a malerial mi5sLemenl in the finarKial slalgmenls themselves. If. based on the wa have perf¢ymed. we conclude Ihai the is a material misslatemenl of this other infomiation. we reqiired to repmyt Ihal fact. We have nothing to rert in this rewd. Matters on which we arn r•quir•d to r•port by •xc•rtk)n We have thIng lo report in r8sped of the fol(Ming matters 7tre the Charities {Accounts an(1 ReFrfx1sl Regulations 2008 requires us to rep)rt to rf. our the infofmalion given in the Tntstees. Report ts •KonsOstatt ) arw material respect th th& financial ststements,. or sufficient accountirwj recLYds have Mt been kept: the financial statements are not in agreem& 7h4th the accow)ting records and relwrts., c t have not received all Ihe informalp)n expl110$ * require for ow audit. R•sponsibiliti•s ot tffust••s As explained more fulty in the TnJstees' Re¥IbIl.es SLement. the trustees are responsibl8 for the preparation of finanual statements vthith gNe a true and fair view. and for sh inlemal control as the trustees delermine is necessary to enable Ihe weparabon of finawal stalements Ihat are free from materiol misstatement, thether due to fraud or emx. In prepariTrJ the financAal statements. the trustees are vesprrib for asses$irvJ the charitys ability to continue as a going concem. diselosing. as £p1¢8t4e. mattets related to gc4ry concern and usin9 the going concern basis ol aoUnting wless Ihe trustees either nlend to INuhJate the charity or to ase operations. or have no redislic alterrliVe but to ¢*$ so. Page 7
THÈ LADY HIND TRW6T lnnd•nt Audit¢n' R•port to the M•mb•rs of Th• Lady Hlnd Trust {¢ontlnwdl Au(Miors' ¥wSIbIlitIaS lor audAt ol th• finwlal slatsTrts We have been appoint•J as auditLY under secti 144 of the Chth Act 20118Thl report in accordance with the Act and relevanl regwlations made or havmg effect there1. Our objectives arg to obtsin reasonable asstKarK abwl ffinar1 statements as a whok a free from material misstatemenL ether due to efror. and to tssue an Audrtor5' Report Ihal indudes our opini. Reasonable awrance is a hh levd ol assurnnce. bul is not a guarantee that on audit ¢onducted in accordance with ISAS IUKI V•il aw deted a matefial rnStatement when it exists Misstatements can arise from fraud or error and are ¢>Jnsidered mrial if. w}dual or in the aggregate. they could reasonably be expected to influence the eeM+Jni¢ de¢¢M$ of users taken on basis of these finanoal statements. Irregularities. IadIng traud, are nstances of nOrnlanCe Vath Iwws and rewlalions. We de%gn edureS in line Vlilh our respcfflsibilities. oudined above. lo detect malenal misstatements respect of iffegularities, including fraud. The extent lo our F¥edLe8 we capable of deleclmg irrewlanties. induding fraud is detailed below.. We identified that the ii8k offraj or norpcomplim ith laws regulatKffis rdated to.. Mgernent bias in respttt of actntIng estHn and Bklgements made: managernent oveIde ofcontrol. posting of unusual Tr)umal$ ty trsa(1 We IocLwed on those weas that cwld give rise to a material misstslement in the ffianoal $tsiement$. (>Jr Pr(edureS indLNJed. were not krr4ted to.. enquiry of managemert arKI those arou1 actual aTrJ potential litigation and claims, induding IrtanceS of ncTrcompliance ¥+ilh Iwws and regulati$ and fraud,. reng mwiute$ of meetings ofthose charged with g0vemare where available., reviewng legal experKlure in the yBar to instKès of rK•n-compliance wlh laws and regulations and fiaud., reviewng fmancia slatenwnt thsclogTh aThl testsng to dLumentats"on lo asse55 complianc• th applicable laws and regulalions- performing audit worl( ovtt the rtsk of mwent override of contrcls. inthding testing ofjcwmal entries and other adjustments for appropriatenes5, evaluating the buneSS rationale of signthcant transactions outside the rKJmal tlse of revbvAing eslwnate5 bias. It is the primary SpOnSty of management. th the oversight of those charged with govemance. lo ensure that the entitys operations are cor¥JLKled in accordance wtrl the provisions of laws and regulaIn$ and for the prevention and detecbon of fraJ. 89U$8 of the inherent limitatsons of an 8AI. there i8 a risk that Vill not dete¢t 41 irreguiarilies. indudirwJ those leading lo a material misstslement in the finarrial statements CY noncompliance with rogLdation. This fisk increases the rnCe that compliancE with a law or regulatr.on is removed from the events and transactions refleded in the financial statements. as We wll be less likety to t¢¢crfne aware of irt5tances of non-compliance. The risk is also greater regarding IrregarItieS LCUffing du8 to fraud rher than error, as fraud invofves intentional ¢on¢ealment, forgery. cdluwon. LWniswc cff misrepresenl'on. A furthei description of our reswnsibililies for Ihe au(*l of the financial stslemenls is located on the Financial RetKJrting Counofs websile al W4VW.frc.o .uklaJlrQ onstbilities. Thts deseripts.on forms part of our Auditors. Report. Page 8
THE LADY HIND TRUST Ind•p•nd•nt Aud6tons' R•part to the IA•mb•Ys of The Lady Hlnd Tbvst Iconllnuodl U$• of our rewl This report is made solely to the trustees. a5 a bcty. n accordano with Part 4 of the Charities (Aeetsjnls and Rep(Nls) Regulations 2C8. Our aLkt has been dertaken so that we might state lo the chariws trustees those matters we are reqlld lo slate to them in an Auditors. Report and for no other pwpose. To the fijllest extent permitted by la¥. do rt accept or assume responsrblity to anyone other than the ch¥ity and ils trustees. as a body. for our a4Nlil work. fty this report, crf for the owions we have fomied. fLo S o C(JcceJ" PKF Smfth Coop•r Audit Lwnlt•d Slalulory Auditors 2 Lace Market Square Nottingham NG1 1PB Oate: 9 July 2024 PKF Smith Cooper Av(t Limited are elwible to ac as twms of stttion 1212 of the Comparies Act 2006. Page 9
ThE LADY HINO TRUST st•ment of financial activit Forthg Yoar Endgd 31 Dmber 2023 Unr•strl¢l•d fund• 2023 Total funds 2023 Total lunds 2022 Incomè Irom: Investsnents 536,482 536,482 599,355 Total incom• 536.481 536,482 599,355 Exyndliurn on: Chfitatle &tivitiès 623.286 623286 479. 134 Total •xp•ndtturn 623.286 623286 479. 134 Net (expenditur•)fwKomo not galnsl(loss•s on In¥gstmen¢$ Nel gainslllosses) inveslmenls 186,804) 1,61Q760 {86.8041 1.616.760 120,221 (3,366,343) Net movement In funds 1,529.956 1.529.9S6 (3,246, 122) RnCIliation offvnds: T¢)tsl fvnds broh1 fcThRrd N•t movamant in funds 21.713.643 1.529.9S6 21.713.643 1.529.956 24.959.765 (3,246. 122) Total funds carrled leard 23.243.S99 23.243.599 21.713.643 The notes on pages 12 to 24 frym part ofthese fwKid slalements. Page 10
THE LADY HIND TRUST Balanco Sheet As at 31 D•cm 2023 2023 2022 Flx•d ass•ts Investmgnts Curr•nt assets 22.648.813 21.081,913 Cash at and in hand 638,810 Creditors: amoLwts falling due 7hithin (6.552) (7.080) Net curront ass•ls 594786 631.730 Total n•t assèts 23241599 21. 713.643 Charlty funds Unrestricted funds 2&24aYJ9 21,713,643 Total fvnd$ 23,243.599 21,713,643 finarKial sLknents wtte approved arthOr¢ ts issue by lh6 trusièes signed on their behaff by.. C W L Barratt Tru5 THFarr Trustee N R Savory Tw5tee JDP•arn Trustee Date: /sf L&Z The notes on pag to 24 fomi part ofthese finK•al Statements. Page11
THE LADY HIMD TRUST Not•s to th• FInala1 Stat•m•nts For the Year End 31 Doc•rnb•r 2023 Accountlng pollcl 1.1 Basls of preparatlon of financial slatèmènts The financial statements have been a¢¢d A¢¢ounting aThl Reporting by Charities.. Statement of Recommended Prxtice appkable to dwrities prePn9 their accounts in accordance with Ihe Financial Repo.n9 sdar¢I applicth in the UK and Republic of Ireland IFRS 102} (effective 1 Janu 2015} - (Ch¥ils SORP IFRS 1021). the Financial Reportng Standard applicable in the UK aThl RepuL of Ireld {FRS 1021 and the chtIeS Act 2011. The financial stsIents are wepared in the fiJnC0n currency of the trust and rOded to the n•eSt £1 The Lady Hind Twsl meets the defiThtth of a benefft entity under FRS 102. Assets and liabilities are inilidty rttowised * cost cf transactton valuo Un5$ otrrnvise staled in the rdevant accounting policy. 1.2 In¢om• All income is recogrised once the has enrnl to th• incomè. rt 1$ probable that the income will be received arKI the am¢Jmt of Irtne recwatle w be measured reliat4y. In¢ome from investments B recryJnised in Ihe mcome arKI expen(lure account so as to match the income tn the pencJ it has been eamed. Any nvestmgnl CoMe received in advance or in arrears is deferred or accrued in the baLce sheet acccffdingty. 1.3 Exp•ndltuwe Expenditure is re(yJgnised Or there is a Wl or construclNe obligatyon to transfer economic benefit to a Ihir(J pty. it is probable that a transfer of economic benefi1$ wll be required in settlement and the amount of the obligalicffl can be measured reh'abty. Expeniture on chwrtable acliwbes is inCUrd on direcuy mdertakiNJ the acai¥itles whith further thè charitys 014eclives. as wel as any associ supffj I15. Suppcrft sts comprise all exdile arisiro dIng the wming ofthe tharity. 1.4 Intsr•sl r•¢•fvabl• Interest on furKls hdd on depo%'t is receivable and Ihe amowbt can te measured reliably by the chty.' this is nonnalty notsfKakn of the interest paid or payable bythe institution with wh)m the lunds are dep)sited. 1.5 Inv•stmonts Fixed asset iivestmenls e a form of financial instrument aTrJ are initialty recognised al their trartsaction c05t aThJ SlseqUenty measure¢l at tsir Val at Ihe BalarKe Sheet dale, lesS the value annot be measure(I reliatAy in ¥thi¢h $? it 1$ measured at cost less impa¥menl. Investment gains arKI losses. vhthr realised or Tead, are CLMnbined and presented as 'Goin{LO$Se$l on investments, n the Statement of Financial Activities. 1.6 Cash at bank and in hand Cash at bank and in hand indudes cash and short-temi highly liquid in¥eslmenls wtth a short maturity of three months or less from the date of xwisition ¢y opening of the depowt or similar account. P*y12
THE LADY HIND TRUST Notss to th• Financlal slateDls For the Year End 31 00mber 2023 Accountlng poll¢l•s Icontinu•d) 1.7 Credltors and provlslons Credrtors and provisi$ are recognised where the Charity has a present obligation resulkn'ng from a past event that wll prLabty result in the transfer of fuTrJs lo a third party and the am¢)unt due to settle obliga.on can be measLKed or estimated feliabty. Cre(tiIoT5 and pr¢)¥tsions are nomially recogr4sed at their settl¥nenl after lor trade discwnts due. 1.8 Financial in$trum•nts The charity lY has financial assets arKI financi liablities of a kirKI Ihat qualfy as basic financial instruments. Basic financtal instruments are initially recognised al transacbon value and subsequently measured at Iheir setuement value with the excepts.on of bank loans whith are subsequently me&sured ot (11$ cost effective intwe5t method. 1.9 Fund accountlng Gen lund5 are reStr1ded funds are available for use at the rfiscretion of Ihé trusteès in furtherance of lh8 genwal titiectiv of Ihe dmnty and whith ha rnt bgen designated for 01[ purposes Investment IrKome, Fins k)5ses are alocabj lo the aworAt6 lund. 1.10 Commlssk>n on Inv•¥tmont tran&icti Proffts on sales ofinvestments are net of commiwons. 1.11 Gran¢8 pakl Grorts are recognised Athen they are 4yoved lo be pa*J by th8 tNstee5. Incom• from Inv•slm•nts Unr•strict•d funds 2023 Total funds 2023 Tot81 funds 2022 Bank Int¢t Inveslmenl irtome 4535 530.947 5.535 530,947 347 599.008 Total 2023 536A82 536.482 599,355 Page 13
THE LADY frMND TRUST Notss to the Fln•nci•l Statomènts For th• Yow End•d 31 D•wrthr 2023 Expendlture on CharItab activits Ilvll undortak•n diroctty 2023 Support costs 2023 Total funds 2023 Total funds 2022 charitab aciiviiies $98.000 25286 623,286 479, 134 Anatysls of direct costs Unr•strict•d lund$ 2023 Total funds 2023 Total funds 2022 Grants {le 11) 598,000 598.01)0 455,000 Anatysl$ of support ¢osts Unrestrkted fund5 2023 Total fun 2023 Total funds 2022 Administration exp8ns8s Meeting expews Stockbfoker fees Other expenses Autht and accountancy fees 1 S,256 15256 440 960 2.074 6.556 13.944 425 972 1.713 7.080 2.074 6.556 T•)tl 2023 24286 25.286 24.134 Audltor¥' rnmunorati 2023 2022 Fees payable to the cariVs auth1 for the of the charity$ wual aco)unts 6.556 7,080 Pag8 14
THE LADY HIND TRUST Not•s to tho Financial Stat•mw For th• Yoar End 31 D•combor 2023 Trustees. r•munoratk•n and oxpen8•s DLVINJ the year. M Irustees recthfed any remunwaI ottw benefits {2022. £NIL). During the year ended 31 Deeember 2023. three Irustees recived reimbL¥sements fLY expens8S. tolalling £15812022.. £504 received by ftyjr trustees) Flxgd as$ot Invostm•nts Llsl•d Inv•$tmenls ost or valuation Al 1 January 2023 Additions Disposals Revaluations 21,081.913 2,271,020 (2,148.6661 1,444.546 Al 31 Decmnber 2023 22,64B.813 Net book vah Al 31 December 2023 22.648.813 At 31 December 2022 21,081,913 All the fixed asset investments are held in thg UK. The investment ac¢wisilK>ns ar#J dispos are of investment manager fees and CommisOn5 of £23.99212022.' £25.101). The £1.616,760 of net gains 12022." £3,366.343 net 10ssos1 on inveslmenls in the SOFA inelLKle$ £1.444,548 nOI1$¢d gains (2022." £3,746.962 unrea'sed losses) and £172,214 reali58d gains {2022. £380,619) in relalion lo th8 fixed asset investm15. Page15
THE LADY HIND TRUST For th• Y•ar Endod 31 Dowthr 2023 Cr•ditors: Amounts falling T*lthin on• y•ar 2023 2022 Accruals and deferred incom? 6.552 7,080 Stalement ol funds Statemont of funds . current yoar Balan¢0 al 31 Galnsl Decembor ILoss•s) 2023 Bala at 1 January 2023 In0 Exp•ndMur• Unrè$lrSctsd funds Capital amount Income am0 21.366286 347.3S7 1.616.760 22.983.046 260,553 S36.482 (623.286 21.713.643 536.482 {621286Tr 1.616,760 23,243,599 Stalement ol funds- yr Balance at 31 December 2022 88lance at l January 2022 Gwnsl (Losses) Incom& Expenditure Unrnstrlct•d funds Capital amoLml Income amount 24,732,629 227. 136 (3.366.343) 21.366.28fj 347.357 599.355 (479.134) 24.959.765 599.355 (479, 134) (3,366,343) 21, 713.643 Page 16
THE LADY HIND TRUST Notès to th• Flnancial Statements For th• Year ÉrMl•d 31 D•G•mb•r 2023 Analysis of nol assots between fvnds Analysts of n•¢ ass•ts l*lw•en funds- ¢urr•nt y•ar Unveslrlcted fund$ 2023 Total lunds 2023 Fixed asset mestments Current 4s$ets Credit5 due wihwi one 21648.813 22.648,813 601.338 601.338 (6.552) (fj.5521 Total 23.243.599 23,243,599 Analysh ol net assets between funds - prlor year Unrestiicled fvnds 2022 Total funds 2022 Fixed asset investsments Current assets 21,081,913 21.081.913 638.810 638.810 (7.080) (7.080) Creditors the wlhin one Far Tolal 21.713.643 21.713.643 Page 17
THE LADY HIND TRUST Notes lo the Financial Ststemènts For the Ythv End•d 31 D8cemb•r 2023 ID. Rglatod party Iransa¢tlon$ C W L BaThatt. a trustee. is a thctor of Barrall & Coce Hows Limite(l. whose wholty ovmed subsidiay Barratt & Cwke Limrted mw4ges Ihe Tntsvs investments. Fees and commis%ons paid lo Barratt & Cooke Limited during the year amcmmted lo £25.32012022". £26,468). Barratt & Cooke Limited does not charge a penodi¢ investment magement fee The trustees consider that the remuneration compare5 lavoabfy chary VIed by ther investment mana9ers. N R Sav¢Xy, a trustee. 1$ also a non- executwe director of Barratt & Cooke knmited. Oumg Ihg year. C W L Barratt was a trte8 ol Prixilla Bacon Ncrfolk Hospice Care lo wfiich grants lotalling £Nil12022.. £37.500) made dLriThJ the . N R S8VOry is 8 trustee of Music in Ctyjnty Churches to Thtuth a grant of £17.SOO {2022. £5,000} was made durng the year. Duiing the year, N R Sav¢)ry was a tnjstee of East ArnJlw Air knbJl¥Ke lo which a gwl of £15.0¢)J {2022.' £10,000) was made duriThJ the ar. N R Savory is a trustee of Charitth Twsl to a grant of £I0.00012022'. £15,WO} was made during the . During the previ¢Kts year. T H Farf$ wife was a trustee of NotttrKJhamshire Communlty Foundation to which a gr1 of £10.00012022.. È5.000} was made durmg the year T H Farfs wife 15 a trustee of Plland College to of £40.0(NJ (2022: £10.000) was made durry the year. T H Farfs Vi18 is a truste8 of NottiaM PlaYtrse Twst knmited to 4thich granls totalling £Nil {2022'. £25.LX)01 were made dn9 the year. T H Farls wife is a patron of Improving Lives to whKb grants totallng £3,0 (2022: £Nil) were rne nng the All trustees of the trust have authorbty and respcrbsibility for planning, directing and controlling the actswties of the Iwsl are congdereil lo be key managemenl personnd. Total reMratiOn in respect of these IndiJUa1$ is £Nil {2022: £NK). 11. Grnnts pald to Inthutlon of £1.000 or m¢r• 2023 A¢¢ommodallon Framework Housiry Assooation "ng's Lym Night SlIer 5.000 2.000 7,000 Page 18
THE LADY HWD TRUST Nol¢s to tho Flnan¢lal Slaternnts For th• Y•ar Ended 31 D•c•mbw 2023 2023 Muslc In County Churches Nats"onal Centre for Writi"rwJ Nonsuch Studios 17,500 1.000 Pinlsiz8 Theatre Ltsl 23.51)0 2023 Churth•• Cawston PCC The Norfolk Churches Twsl Nottinghamshi Historic chur£$ Tntsl PCC St Peter & St Paul. XI Hope Church NOttinM PCC of Sl the Blessed Viry¥i St Leodegarius Church- Basford St Matys Nottlngham - Tthr Repairs St Phih'p's Churth- Top Valley Greal Snoring Parish ChLYch Cwnc 1.500 10,000 10,000 3.000 5.000 5,000 35,000 2.000 81.500 Page 19
THE LADY HIND TRUST Notos to the FSnan¢lal Slatomonts For th• Y•w Ertd 31 00Mb•r 2023 2023 Edu¢atlon Autistic Notlingham Break Bnghter Futures Trough Swt (8FTSI Computér Intèmab"crfMI Criminon UK Foolprinls Conductive Educati Cerfre ICEC) Nottingham Hh School Life Education East Mi¢Jand8 Nofwith Cathedral Choir Fund RISE Leaming Zone Royal Ncrfolk AgriCUraI Aswia S¢hoolread8rs Young G*nws & Gamblws EthKatirm TnMI 4.000 1.000 5,000 10,000 2.500 20.000 4.500 2,500 2,000 1.000 59,000 2023 EnvIronMl Marine ConseNalion Sots¢ty Bulwell Forest Garden Whitlingham Chafitable Trust 5,000 10,000 17.$00 2023 S•r¥l¢ The Chelsea Pensioners The Roya Lancers & Noth"n. e Yeomanry IAuseum Ihfjngs for Warriors 1.000 10.000 1.000 12.000 Page 20
TrIE LADY HIND TRUST P4otgS to th• Fina1•1 Statsments For th• Year End 31 Decombw 2023 2023 Groupslclubs The Zone Youth Prqecl 5,000 5,000 2023 H•rltage The ExCelOr Trust The B¥cham Centre ReSe Wooden Boats 1,000 1,000 4.500 Page 21
THE LADY HIND TRUST For the Yw EThd 31 D•comber 2023 2023 m1¢41 l Dl¥ablod Alzh8imerfs Re5e¥th UK Add8nbrooke's Charitat Trust (AC The Arkgphylaxis UK 8igC 8ipol8r UK Bowel Car UK CampkM"Il Cofflmunities East Anglia Canr Research Uk C¥diac Risk In The Y¢ Démand Demenlia Hub (Community Gwdern¥J Grixy) East Arylia's Chlthen's HosPiC8S East Anglian AIT AMIlan British EplepSyAsS10I Hear for Norfolk Improving Lives Lincolnshire & Nottiighanshwe kn AmtrAAa Listening Books M¥ie Curie Motc Neurane Disease Assoeialion (MNDA) The Multiple Sderosis So¢iety Music in Hospitals & Care The Ncthlk Heart Trust Nottingham MS Therapy Centre.. The NoltiTham Oxygen Centre The NottiNJhamshire Hospice Notbnghamshre Deaf Sc( Ofthid Fhling Male Canc Portland Colege Rairows Chikjren's Hosyce The Roy Castte Lung Canr FourKlation strongbones CFMldren's Chan"tabie Twst Thoma98 Hall The Urology Foundatic Your¥J Lives vs Cancer 20.000 1,$00 2.500 1.000 2,000 2,1)00 10,000 3,000 1.000 2.000 3.000 15,000 2.000 2.000 3JJOO 15,000 1,01)0 2,500 2.500 1.000 12.500 1.500 29,500 3,000 1000 40.000 2,000 1.000 25.000 1,000 1,000 213.500 Pag8 22
THE LADY HIND TRUST Notss to th• Financial Statsm•nts For the Year End•d 31 D0Mbol 2023 2023 O¢hor Ashfidd Voluntary ActKin Community Accounting Pk The Frozen Ark Prcieci National Crimgbeat Norfolk Commuiyty FoletIC Norfolk Commurmty Law Sefvice Noth'nghamshire Communrty Found STAA Ltd 2,000 2,000 1,000 3.000 2.$00 1.000 10,000 2,000 23.500 2023 W•lf Age Concem Man5fietd Ashfield Home Safety Project BU"nghaM Emergenry Food Appe Brave Futwes 2,000 2,000 1,000 iooo 4000 1.000 1.000 4,000 15.000 1.000 1.000 3.000 1.000 1.000 5.000 1.000 5.000 1.000 2.000 1.000 10.000 2.SOO 2.000 5,IMIO Broxtowe Wcffjen's Prqect BUILO Church Am)y ENOUGH CIC Emmanuel Noe Support Centre ENYP EP Youth Farashore Midlands Fareshare Ea51 of ErKJland The Fishemn.S Mission The Friary Friends of the Elderty Groundwork Greater NottirKJham Great yMoUth and Godeston yOj Carers The Hamlet Centre Trust The Hardman Trust Hdt YoLth Proied Home.Start NottiThJham Hope Springs Horticulture CIC The Jericho Road Project 23
THE LADY HIMD TRUST Notsg to thè Flnanclal Stat•m•nts For th• Y•ar End 31 D•Gwnb•r 2023 Mall Cross Trust Company Thg Matthew Proj8d The Mission to Seafwws Musical Keys My Black Dc43 Nancy Oldfield Tnjst Norfolk Cornmunrty FOundat- Sw Lb Fund Norfolk Communty Foundation . SH Norfolk Nottingham & Noltinghamslu"re Rehuee F¢xum NSPCC- Notbnghamshire Oliver HiTrJ Youth Cbjb Charity Open Minds Open Homes Nottinghwn POW Noltingham Ltd Radford Care Gfc Refugee Roots Sharewear Clothing Scheme Shine {Ea$t Norfolkl Siblings Together The Socia A1 HL Sl Bamaba$ Coun¢eling Centre SummeryK¥)d CommuThty en Support Through C¢x Swan Youth Project The Vine Conwnunity Centre Waveney Stwdust Trust Ltd 5,000 5,1)00 1.000 1.000 1.000 2.1)00 2.000 s,000 10.01)0 8.500 2.500 2.(100 3,000 5,000 41)00 1.000 1,000 1.000 1.000 1.000 1,000 2,000 1,01)0 Total 148.000 2023 Totsl grants paid lo institutiorts of £1.000 mrKe Other grants in aggregate 595.000 3.000 Total 598.000 Pag8 24