Charlty number. 208877 THE LADY HIND TRUST TnMtees' Report and Flnanclal Statements For the Year Endod 31 D•c•mb•r 2024
THE LADY HIND TRUST Rofor•nc• and Adrnlnlstratlv• Dotslls of Charfty. ft6 Tru8t•gs and Trust••8' R•port Indop•nd•nt KIttOr8. Report •)n the F¢5*1 Statn Slatsment Fln•ncknl kdvttl•s 10 Balan Sh•ot 11 Slatemont of Cash Flow8 12 Notes 10 th• Fkn•nclal Stst•m•nls 13-27
THE LADY frMND TRVST R•knnco and Aknlnl•tralh• Ootdl8 of th• Charity. its Tru8lw8 #nd AdvlBorn CWL8wratt THFa NRSa J D Pears Ch*lty rnglsknd number Prlnclpal offl PO Box 10455 Notlingham Notlingham NG5 OHR Indop•nd•nt audlt<xs PKF Smith CwrAudlt Lknited 2 La Mathet Sty Nottingham MG11PB Soll¢Morn KeOne Law Llmlted 48 Chancery Lane London WC2A IJF Inv•4tm•nt advl•or• Barratt & Cts)ke L¥nited 5 Opie Stregt NR13DW Page 1
THE LADY HI4D TRUST
Trusto08' Report
For Iho Y•ar End•d 31 D•c•mb•r2024
The trustges preserrt thelr annual repct togoth8r Tmlh th? aLKI1 fanal statements for the year ended 31
De¢emb8r 2024. The financial staternts have been prepared in ordanCe wlh the aeLx)unting policies set
out in note 1 to tho acts)unts comply rylh the tem8 of Ihe ill under vAMth th8 tsust was estatIShed, the
Charities Act 2011 arKI Financial Rep)rting StaThJard 102 The FYwKial Reportiw Standard applicable in th8 UK
and Republ of Irelanrf IFRS 102) the Charths SORP.
ObJ•ctlv•s and A¢llvMI
. PoNths and obJ•ctlv•s
The SO obigGtivg and acthity of Ihe trust 1$ wirrtJ ofgrants. The twstees awar8 that must cary on
¢hariVs acUvlll8s for tho pthlic e4KI that Ilw must pay due regard lo the guid¢0 on public bgngfit
iSSU9d bythe Chaiity Comrrission.
In setting obieckves aThJ arMh¥d adrvrtres. the In have gen due consmleraticffl to general guldanee
published by the Charity COmmi85K Telating to wblK INJding tha gu¥Jance 'PUbl benefiL running a
charity {P82)'.
b. Stral•g1e• and a¢Jv#hs lor a¢hlovlw o14•th
The Intho¥ consKl8r that akns and adivibos are for tho jIC beneffit slnc it 18 a grnnt maklNJ
trust and grants arg onty made to other chwitabla (wgaiMsatN)ns Mt to Indrilduals.
Maln aGtlvltl•s undertak¢n to furth•r th• chwws Purpo forth• publlc b•nofft
The trustees con8•J¢r al Wri pb'cations made k) them ty charitable organi$8t•)ns. Sh applications are
revlewed by every trustee prior to the trustees. fr41lIty me8tings aTrJ are dispjssed al such meetings.
Grants we awarded at such meetwus to OrgarSaIjns which the truste8s collecttvely consider to be worthy
of their support. Grants are awarded pmupally io 1Ul1$ b3wI C Iheir Ie1 of rned and wth a
geographical blas tow¥ds Nottiwmtwe and Norfdk.
Achlov•m•nts and p•rfornwK•
During the in¢
ThE LXIY HIND TRiIST Tru8t••#' R•port (contlnu•dl Fortt Yw ended 31 Docembor 2024 Fln•nGlal r•vl•w a. Golng Gon¢•m After making aPprOate 8Tr4uitss, the trustees a rea¥onaL4e expectatm that the charity has adequ8le resrceS to continue In operalional exi$twKe for the foreat9 fulLYe. For thSs reason they o)ntinue to adopt the going concem basls in wBparing th8 fman¢i statem8nl& Fwther detslls rngwdlng th8 adoplion of th8 golng concem basis Ian be found in the accountirKJ poliues. b. R•s•rv•s poll It is the general licY of the trust to al of the Ca compromises part of its reBerve5 and to dlstdbute ch year through grants all of the trusfs in&)me whK is not used to meet tts goveman¢e and Mgernent costs. Hower. tr trustees rès8rve tho atility to rthn part of thg INSVS irKX)me for any y88r as p¥i of Its reserv6s and not to distyilxrte the of the unexpeThJed Income If In that >tar th8 thjst recèives knguffiaent awications for grants wthich th8 tru8tOeS LJJnsler w(thy ol their support andl or the trustees believe th8 value of the twsfs instrnents has falkn to a exbnt. The trustees. investsment assets are managed by investsnent advisers. The aP)Intrn8t of investrnenl advisers is revi8wed ty the trustees pericrfknty. The current •fvisws are Barratt & Cooke Llmltad who are empbyed on 8 discretionary basls. They are instructed by th8 trustees to invest in a porlfolio 7hid) will generate a balance of Income and growth with a me(wh iisk profi. During the year, tha Invostments gènéralod a realised aThJ unrealise(J surplus of £989,578 (2023.. £1,616,760) and the aggregats valu8 ofth8 investhnts, indjding Cats1 eash of£641,53712023'. £410,809). Increasèd from £23,059.622 to £24.042.119. This 4.26% IrKrea8e li valu8 cornparas with a 11.3Wh creaSe in th8 PIMFA Growth Index. lh8 truste8¥ ct)sen knthmark lin 2023 the aggyegate valu8 of th8s8 inv851ments increased over the year by 7.54% whith o)ryargd with wuease of 9.01% in the PIMFA Grovth Index in that yB8r). Stru¢tur•p gov•nMnc• and mwpm•nt Constltullon The Lady Hind Twst was 88tabllghed uThYer thè of L L11r Frances Fffind wlw) died on 15 May 1951 and is a registered tharity ltharity wrnber 208877). Under her will she direcled that the tharivs fvnd should b8 u88d for suth chtable pO$e$ in Erb3land and Wales as the trustees in thelr abSute dIScreon conslder fft. Tho It do8s not arv8ly raise funds but seeks to continu8 th6 chaiiiatlè gNing reqted by th6 testaior through the Garefvl stewardshlp of Ms exlslkng res(Krn. Page 3
THE Ly H14D TRIIST Tru3t•o¥' Ro1)ort {contIndI Forth• Y•ar End•d 31 tkn•mb•r2024 Structwoi g¢Mrnanc• and manaq•m•nt (contInd} b. Method8 Of •ppolDtmwrt or ol•ctlon of tnMI• Tru8tsès are apwintod as enl th8 oxthulrKJ Intstees see fiL Th8 wil imposag no limitalion on th8 porkxls for which tr[taS shall serve and no sh limitalicffi5 have bgen mado on the appoinlment of the current truste8s. Because grants are made prirKipally to orgl$all¢ basgd in Nottinghamshirg and Norfolk, new tfustees are likety to be rSOnS resKle in arnl are krM)I8dgeable ab(xrt charitsble Insltiutiong In those Ltles. At their four4nonthty meetiry. Ihg In89$ agree thg iKcd strategy and areas of actimty for the tNst, colderatIon ol grant makwi9, inVestrnt. reser and risk mana• 1¢1&$ and perkffiian¢e. The day to day &Jmwiistration of the grant processing aNJ of Ihe han¢Jing of applkxtlons prfor to CCffl85deratKin by the trustees i8 und8rtaken by Mr D N Lindley b8 (>)raclad at PO 8ox 10455. NcAliwham, NGS OHR. The Iruslees keop thelr skil requirements under revivaf. The Iwsie85 are 8ncour•Jed to atten(1 relevant extemal trairing wth regard to relevant legIallOn arKI dkqrvJes their rolo as truste8s gen&rdlly. The Indudon process for any app)intsd tvjsieo comws8s of a meetmig or meetir4J8 whlch covers powars and resn51b11ities of Irustees and the grant makiry process a(knpted by the twsl. NevAy appointed trustees are provided copi8s ofth& wil of tslate Llian France5 Hind. leS of the W three years, annual reports and acD)unts of the trust and of Ihe minutes of last Ilyee r$. Iwstees. as well as a copy of the Charity Commlsslon's relevant guNkn. ¢. R•latod party I•1hI The Chado5 Littlowood Hlll Trust is a nn8¢tod Ch b8causo it has common trust8as to the Lady Hnd Trust. Tha Charfes LitU8wcth Hill Trust is a regisiered diarity. chty registrain numbgr 286350 and can b8 contacted at PO 8ox 10454. Notlingham NG5 OHQ No trans8ctions have taken tAac8 between the t6¥0 charities durhg th8 Jvars ended 31 Clecember 2024 aThl 31 2023. d. Flnanthl rlsk m•nagom•nt The trustees have considered the risks to the tharuy is eyposed. ttA)cwnlng cash. Investsmnls and grants and have rewewed those risks aThJ have establishj SyBtems and prDcedures to manage those ith. The risk management stralethi 18 re4Th8v1 anrnAIIy. Plam for futtv• rIodS Tho trustees, m8kK L*581¥0 is to 8n5wo that in fulure arS tho of incom8 n81 of 8xpendliure that are avalla18 for distsibulion lo clher charitable orgthsalons IncTrases year by year at a level in excess of Inflallon. rf P08slble. At tho sam9 lime Ihe trustees recognisti 1hat they ¥houhJ c4Jntinue to invest in top quality FfOP8rty funds, fixed ntsrest $8cuflls. index $UntieS aThJ equth&s in ¢ydw to ensure. as bgst can. the continued growth of the trust furKI. Pag8 4
THE LADY HWD TRUST TnMt••8' R•port (¢ontinu•d For th• Y•ar Endod 31 D•wnb•r 2024 Stat•rn•nt of tru8t••s' r••pon8lbllltl The trustees we responthle for prepainJ the Tnth, RetJt the financial statements in accrKdan¢e with Practlce). The law appltcable lo charllles In England & Wales requrns the trustees to prepare financ4al stalements for each financial vthich give a true aThJ fair vlew of the stste of affairs of the tharity of its incoming re$our¢es and applicathon of resources. irtluding its WKY)me exptl. for that period. In preparing these finandal statements. the trustees are qUired to.. selecl suitable aCCcntr eS WKI then aFFty Ihem (xxksistenty, obse8 the methods and wnciples ol the Charthos SORP IFRS 102): make judgments and accounting eslimales thal Toasonable pnmjert Stale whthr applicaL48 UK AccOti Standwds IFRS 102) hav8 b88n fdlowed. subject to any material departuTr$ disdosed and explaed in fv finwKial sl8tthnts. prepare the finan(yal statements on the concem basls unless11 1$ inapprc¢rlate to presumè that the dwity11 continue in tIneSs. The tnle&S raBpKJnsiLl8 for k88ping adequato accoLmting refy)rds that are sufficient to show and explain tho Charis transacn$ ond discl¢)5e with reason10 at any lkne the flnanoal posltlon of the charfty and enable them to ensure Ihe fmanL¥al slatements c(xniAy Tprilh the Charth5 Act 2011, ihe Charity (Accounts and Reports) Regulations 2008 and the provisions of the Twst deed. Tlw are also responsible for safeguardlrKJ the assets of the charfty aThJ here takiThJ reasonable steps for the [evention deteclion of fraud and other irregaris. DIscIur• of Infornl0 to rAlt Each of thè psons aro trustees at the time this Trustee¥ RaM18 apwoved ccrfrnd that so far as that trustee is aware. ItW8 bs M relevanl •yJll Informakn of which Ihe charivs wdItO are awar8. and Ihat trustge has 18ken al the sleps that ought to have been taken as a trustee in order io be aware of any rglfjvant audit infonT$3tion and to establbsh thai dwitys wdstfK5 ¥e aware of that infonybation. order ofthè members of Ihe board oftruslaes signed on their behalf ty. Tw$tee Date: Pagg 5
THE Ly HW4D TRLIST knd•nl AKlltows' R•port to th• IA•mb•rs of Th• Lady Hlnd Trust Oplnlon We have audlled the fmancial statts of T1 Laty Trust (thg'tharity) for ended 31 December 2024 which comprise the Slatement of financial activiknes, the balarKe sheet the related notes, IIng summary of slgnrfint accounting The rm81 reFQrting framework that has beèn applied in their preparation 1$ applicable law and Unitad Kmgthyn A)>JJnting StsrKlarts, induding Financial ReFKJrting starard 102 The Finanoal Rep19 StaTrJard appxt4e kn the UK aTh1 Rep1¢ of Irelarrf {Ui¥téd Kingdom Generolty Accepted A¢¢ountiry Praclice}. The financi staterrnts have been Fwared in arts)rdae th Acowntwig and R&wrting by Chariti8s eparing IhBir accounts in accordanco wlh the Rew)rtiNJ Stsrmlards applicable in th8 UK and Republic of Irgland IFRS 1021 in prefer8nc lo th8 ACCO)ting aThJ ReFhNthg by Charilies.. Statement ol Recommendgd Practice issued on 1 A4)rll 2005 whith is roferr¢d to in thg rogukitv)ns but has bo8n wilhdrawn. This has been done in order Jr the accounts to a tse and fair vièw in acc(wdanc& wlth the Generally A¢cepted Accounting Prnctice off11¥e lor repNtmg w¥Jds beguiniro on or after 1 January 2015. In our opnion th8 finan(xal statements: a INe and fair of th8 statè of the chlS affai as at 31 Oacwrt)8r 2024 and of its incoming rewurces and ¥pliCan of resourcts for the ended: have been property prepared in acrnnlarK8 wAh United Iwom G•n8fdlly Accepted ArA>Juntlng Ba•1• for oplnlon We ¢orKItOd our ajff( in aC0)rdan wih Intarnl staNIa on Aud (UK) (ISA8 (UK)) and applicable law. Our responsibilitles under ItrM)se #andards are further deSibed in the Audito. reSnSIbIlitieS for the audit of Ihe financial statemBnts section c4 our rep1. We ¥e WKlependenl of the charity n a)rdance wth the ethical requlrements Ihat are rdevant to aLvJit of the fnancaal statements In Unite(i KiThJdom, Including the Financ4al Reporling C(Mthcifs Ethical Slandard. aThl have fuffiled our otrr ethical responsibllities in accordance these requyements. We beli8ve that th8 au(t ovhyence w have obtaingd is Sufficient and aprrfopriate to provKte a basis our opirkm. Concluslon• r•l•llry to golng conc•rn In auditiry th8 statements, have ¢>)nduded trmt the Trustees. us6 of the golng concom ba858 of accounting in th8 prep*ion ofthe finala1 statements is wropriat•. Based cm the vffjrk we have perfQrrrd. not idwtsfad any matwHI un(wlalieS relating to events or conditions thaL individualty or ccAledtvely. may cast significant doubt on the Trusfs ability to Contin as a going conc¢m for a period of at least Iwelve months from Wh tho fKial statements are authorised for issuè. Our respons1biles and the responsaylilw of direclLYs wilh respect lo going are doscfibgd in the relevant sections of Ihis reFK)rL Page 6
THE LADY Htr4D TRUST Ind•p•nd•nt Audltors. R•port to th• M•mb•rs of Th• Lady Hlnd Trust leontknu Other Infornmtlon The othtt Infomation comprws inl0rmab ixJded in the rjaI Report ottw than the finandal statements and our Auditors, Report thernon. The trustee5 we responsible for the other information (XtaIned within Annual Rep(vt. oplnlon on Ihe Ststements does not coyer the other infomalion and, except to Ihe exlenl otherwse expliciuy stated in our report. Y do express any form of assurance conclusion ther9r. (r r8spon&bltty is tr) read thè other nfomiation and. in dtiwig $0. ¢onsider whether the other informatlon18 materially intonsistont with tha ffinwKial stat8ments or our knoWAdgg obtained in tho COU of the audit. or othernise appears to be malerily misststed. If Klentify such materi81 InCO$tend&S apparenl material misstatemerts. we are requlr•J to detemiine whetrr tNs wes rise to a materfal mlsstatement In the finawal statements thwnsolves. If. bas6d M tho th wo have porformed, oydje that there is a material Ml881atemt ol Ihis othw inf(xThBkn. aro rgquywj to rep(rtthat far We hav8 nothlng lo rep li this regth. Matt•r• on whlch w• r•qulr•d to v•yt by •xG•pUon We havg notl¥ng to rep)rt in respect of the IcAbing matt5 wh8ro the Charities (kn4)unts and Reports) Rfjgulatio 2(M)8 requires us to rept to if. ui opiniw: Ihe infomiakn given 1 th8 Trust60& Rapcrt is inrxjnsithl in any material respect wilh the financial ststements,. or suffiaenl accounting r8cuds have f1 been kept: or the financial statements are not h agreement wlth the a(An1J rrdS and relums: or we hav8 not r1ved 81 the Inlom)ation and we raquir8 for our audlL RHponslbllltl•s of ITUSt••s As explained more filly n the Tntsl8es' ReS1b1eS SiatwnenL the trustees are resw)nsible for tho preparation of the financial statements which give a true and fair and for suth intemal ¢J)ntrol a8 the trustees detennine is necessary to enable WepwalW of fmwcial statements that are free from mateiial misstaknnl. whelhw due to fraud orerror. In preparfng the financid statements. thè trustees awe responsible for assessing thè chitys abimty to conllnue as a going corKem. disdosing, as apFIKde. rnatth relatgj io piTrJ rAJncem and u5iThJ Ihe s¥Jing concern ba$1$ of a¢cwnting 10$$ ts truslees eilhgr inter¥J to hquMJ8ts ch¥rty or to cgase operaliws. or have no reallslic aliamative blrt lo do so.
Ly HIND TRUST ndonl PJJdhors' R•port to th• IA•mb•rn of Th• Lady Hlnd Truit (contlnu•d) Audltorn, rosporbslbllliios for tho audlt of the IhMn¢W •tat•m¢S We have been appoinied as authtor urKler 144 of the Charilies 2011 arKI rert in a¢cordan¢o Iwlh the Act aNI relevant regulations made C ha¥iTrJ eff8L Ihwwnder. Our obtsc are to obtain roag)n)le assuran abwt financi818tatementS 88 a whole are free from material misstatement. whether due lo fraud or error, to issue an Audltors, Report Ihal indutles our opinion. Reaswable assurance is a hlgh level cl assuranc•. but is Th)t a grante9 that an audit conducted in accordance with ISA8 IUKI will deteL a material misatement it exists. Mis$tslement$ tan arfse from fraud or error are Co[dered matwial rf, TrldUallY ty in the aggr8gat8, th8y could roasonably be expected to infflu8nce the economic decisM)ns of users taken on Ihe basls of these ffinarKhg18tatements. ITTegularlt4es, nc4uthng fraud, are Instances of nonwcompliartt wilh la and watior. We design procedufe$ in line our responsibilities. outhned at. to detect Matwl mi$statgments in resp8Ct of irregularilios. IndlIr fraud. The oxlenl to wlwth our wocedwes are capable (Jl detec179 Irre9an{leS, including fraud is detsiled belcv4¥: Based on our undelanding of the ch8rity and in¢J81ry, identify tt)e key laws arKI r8gulalion¥ affacting Ihe Charity. We identified that the prinapal risk of fraud or rth4cthpl1lX Wtih laws and regulatlons related to: management tlas in resKrt al a¢<wntiThJ 95timatgs arKI Its mado: managem8nt oY8nide of ccffltrcA" W8 fowssed on those ar8as that could to a malww mlsstatwwl kn the financlal statements. Our procedures Sndud&J, LKrt were rJt limited to: 8uIry ol management and those charg&1 with g)vemance arrArKI actual and potential lit¥ation and daims. nduding instances of n(Tro)mpllance vAth L8ws reguLqlions fraud; revigwng legal 8Npenditurn wi the Jear lo of non4x$mhintè laws and regulalMMs and fraud. with applicable laws and regulati¢5. perfomiing audit work ovèr Ihe risk of MarW¢ml ov¢ffido of{%. Midudir4J tssting 0frnal trIeS and other adNistrn8nts knr appropriataness, evaluating the business rationale of signfficant tr$¥1$ outside tho rK)rnl cowse of bne$S and revth)g acc(xmtlng estlmales for bia& It is the primary respon$ilylity of rnanageMw. ilh th& oversb3ht of Ilxxe charged with g¢)veman¢e. lo ensure that thè entitys cyerations cndded in aCCdarK? with the prOlCS of laws and regulations and for the Because of the nherent of an there Is a rSsk thal we 41 not detecl all irregularities, indudir¥J those leadlng to a material misststement in Ihe fanal statements or non4onyliance regulation. Thls rfsk Incre888s the more that MplianCe wilh a or regulati1 is rwTh)ved from the events and transactions reflected in the fin0n¢ial statgments. as wll bg less likèly lo become aare of instancos of nonwQ)mpliance. The risk is also greater regarding iffegularitss (Mx#JrriThJ th lo fraud rather than eThor. as fraud volVeS intenti(* c{C&alment. forgery. Cols1On. omissim or nMsrorK•s8ntatMM. A further descrtption of ra¥n51brt18s for lh8 of the finandal statemgnts is kjcatsd on the Flnandal Reportwig C(U1r$ websile at: vfivw.frc. .UklajI cffisibSlks. This deption lomis part of our Auditors. Report.
THE LADY HPID TRUST In(kp•nd•nt Audltorn. RaPtt0 th• lknborn of Th• Lady Hlnd Trust {conllrnd) Use of our report Th1$ rew1 Is made solèly to thè (wtys trustees. as a Ixty, In accordance with Part 4 of the Charittes (Accounts and R8pDrts} Regulot)ns 2¢. (r audit vth has b88n undertaken so that we mKJht stste to the charitys trustees those Matte are requlred to state to in an Audilors. Report lor other purp)5e. To the fullest extent pernmtted ty law. Twe do not aCpt or assume responsibility to annfr other than the charity and Its trustees. as a body. for our aKIit Thk. this resx#t, orfor tr have frjrmed. QLF PKF Smlth Audlt Umlt•d Statutory Auditors 2 La¢e Market Square NottrwJhwn NG11PB PKF Smth Cooper A111 Limited are to act as in temis of $gctN)n 1212 of the Companigs ACL 2006. Page 9
THE LADY HIND TRLIST For th• Yw End•d 31 D•C•M 2024 Unr•6trlcted ToL*l funds 2024 Tot81 2024 2023 Income from: Investsnents 519,478 519.4n 53¢482 Total IrbGOrn• 511478 519.478 536,482 Expendlturn w: Charltable adiwbes 3.4 529.156 529.156 623.286 Total pOndItn S28,1S6 $29,1S6 623.286 Nel expend1rn b•for• n•t galns on lThv•slm Nat gains on investments (9,678) 989.578 (9,678) 989.578 (86.804) 1,61&760 Not movamfrrt In fvnd• 979,900 979,9110 1.529,956 Reconclllallon of fund#: Totsl fuThJ8 foThvard Not movement in funds 21243,599 23,243,S99 21.713,643 979, 970,•00 1,529.956 Total fvnds wrl•d forward 24223.499 24223.499 23,243.599 The notes on pages 13 to 27 fom) part of fknatYAal slatnts. Page 10
THE LADY HIND TRIJST Balanc• Shoot 2023 Flx•d auots Investrnents 22,648,813 Cash al bk •vJ wi hand 829.831 601.338 Credith: arnountsfalling due ¥Athkn one 11914) (6.552) Net curr•nt aM•ts 821917 594.786 Total auot• 24323A99 23,243,599 Charlty fund8 Unre8lri¢t8d fvrKIs 24321499 23.243,599 Tolal tund8 24223A99 23,243,599 The finandal Statements ra approv&1 and aUlhLyi kn i8suo tytho trust08s aThJ slgnod on tholr behalf by. THFarr Trus N R Savory Trustee J D Pears Truslee Thè notes on pages 13 to 27 forni part ofthese stalements. P4*11
THE LADY HWID TRUST For th• Yw ENl•d 31 D•¢•mbor 2024 2024 2023 N¢t Cash used ID operatiw athibes (note 11) {$28,794) (623,814) C••h fk>ws from Inv•stlng a¢Uvltl• Dividends and intwest fr(Mn investmenls Proceeds from sole of investrnents Purchaso of Ve$ents 519.478 536,482 3201.704 2,320,880 P,963.895) (2,271.020) Not cash provld•d by In¥•9 aGfjvth• 751387 586.342 Change In cuh and cash •qthal•nts In th• y•ar Cash ¢ash 8lwiva1ts at the ofthe (note 12) 22BA93 001J38 (37.472) 638,810 Cash and c••h équlvthnt• at tho Md of th• y•*r 829A31 601,338 Thè notes on py 13 to 27 lomi pwl of t stateMts Page 12
ThE LADY frIPID TRUST Nots6 to lh• Flnanclal St•t•m•nts F¢x th• Yo•r End•d 31 D•C•M 2024 ountlry poM¢lgs 1.1 Ba818 of ParatIon of Iln•Klal stal•m The 1Snandal Statem ha¥e In pYepw•J with ACLxMknng and Reportiw by Charities: Statwnent of Rnnded Pra¢e applicable to tharities preparing thety a¢¢ounts in acccKdance vthh the Finawal Reportiry Stand aWicable in Ihe UK and Republic of Ireland (FRS 1021 leffecbve 1 January 2015) - (che$ SORP IFRS 102)), ihe Flnawal R&tK)rting Standard aFplThL48 in the UK ReWbI of lrn18ThJ (FRS 102) arml the Charities Act 2011. The finandal ststements wep3[ St8rlirvJ 15 th8 fLmdional currerry (rf the tru81 arKI rrThIed to the nearest £1. The La(ty Hlnd Trust meels the definllkn of a publlc benefft enlty under FRS 102. A38els and IlabilMes arfr inlbally reuyJnls&J al histoncal cost or trans&tion ¥alu8 Un5$ otherwrfse staled In tha rOt aC&)rj wll¢y. 12 Incomo l In18 is recOW¢d Ihe ch has wtlllemenl to thg It Is probablo that the irKome ill be I8Ved and the amwnt of hxome recthatAe bè meagured rellably. Income from inveStmts is rec(wise(l in Ihe wKome aKI expeTrJIre a¢xcwnt $0 as to mat¢h th¢ income within tha period il has been 98med. Any investmenl iThxrn recai¥ed in advanca or in arrears is deferyed or aCcnd in the bare sheet accordingly. 1.3 Expon¢lthr• EXndItuTe 1$ recognised on¢e there a legal OT construclNe obthgalion to transfer eonornic bonèfit to a third paty. ri is probable thal a transfer of econ1¢ bgneffits wll be r8quirgd in settlement and th8 amwnl ofthe I1)ligai can be measured Expendknre M charilable iJre¢ty Wking Ihè acli4ltles whkh further the Suppcrt costs all 8XFthlitun arnrvJ dur1 tho runnlThJ of the charity. 1.4 Int•r•st r•c•fvablo Int6rest on fvnds hdd dtyogt k% indled rlIve and tho amount ¢an be mea$ured reliably by the charity. this is rKrfmy notilkation of th8 interest paid or payable by the Stituti 1.5 Invmtments FLxed asset InVesnts a form irf financlal instNrrEnt and are initially recognised at their transactK¥n cost end SLWuentty measured at fair valu8 al the B8lwt¢e Sheel dale, Un5$ Ihe value cannot b8 measured reliabty in vhmch case il is measured al ct)st less #npainnent. Invegtmenl gains and losses. whether reaised or unrealised. are Mbined arKI pTrsented as 'Gainsl{Losses) ¢)n investments. in the Statwnont of Fala1 Acbvitw. 1.6 Cash at bank and kn hand Cash at bank aTrJ in hand indudes cash ar¥J srt-tern hlthly liquid inv8stments with a short maturity of three M(th3 or less from date d acwisrtion or opering ofthe deposit or sinllar acctyjnt. P¥13
THE LADY HWD TRUST Noles to the FInanCk Slatoments AcGountlng pallcl•• (cantlnu•d) 1.7 Cr•d6torn and provlslons Creditors and [¥F310$ 8Tr rewise(l Ihe tharity h8$ a Presefrt obltgation rèsulting from a pasl event that TrI prOb?Y rgsull in th& transfer of tunds lo a Ihyd paty and the amount due to setlle thg 019alTh can be measured or estinated relkqbly. Cfethtors a)d provisions are nOmlY recLYJnised at their sellemenl arrrrt after alng for any trad6 disLx)unts d. 1A FIMn¢lal The charfty only has ffinaniial assels fmanL7a liablrti8s of a klnd that qual as basic flnanrial itrument& Bas finandal lrntruments iiitkqty rwnis6d at transacllon valu8 and 8ubsequ8nl measured at their setuernent value ilh th8 exception of bank loan$ whi¢h $ubsequentty 1.9 Fund accountlng General fvnds are UNestrI( fd$ are avallable for use at the dis(¥etion of the tw$tee$ in furtheranco of th8 g6nwd obpcves ol the thaiity arKI have not been dèsignated for other purposes. 1.10 Commlmlon on Inv•$1 tran&icll¢) 1.11 Grnnts pald Grants are re¢ogn¢ed awo¥ed to be paKJ bYtr trustees. Inv•*tm•nt Incom• Unr•8tslct•d funds 21)24 Totsl fund$ 2024 Total funds 2023 Bk internst Investment income 11.136 50¢342 50&342 530,94T Total 2024 519.478 519A78 536,482 14
THE LADY frIND TRUST Ilotes lo tho FlnarKlal Stat•monts For th• Y•ar End•d 31 D•C•mr2024 AnItyS of 0xndI1Ur• on tharllabh actlvl Summary by fund typ• Unr•strlclod nd* 2024 Total 2024 Total 2023 Unrestricted fuThJs S29,IS6 520,156 623.286 Total 2023 623.286 623.286 Analy$l$ ol •Xp•nthr• by actlvlll•s undertaken Support Tot funds 2023 fvnd$ 2024 2024 2024 Unrestricted fvnds 501,51XI 27.656 529.156 623.286 lysls oldlrect costs Total funds 2023 funds nd• 2024 Grants (nots 15) 501.500 598,000 Page 15
ThE LADY HW4D TRIIST N¢)l•• to th• Flnanclal Slatom•nts Analysls of •xp•ndliw• by actl¥lkn (cortlnu•d) Iy81s of support co•ts Unrn8trlct•d funds T¢)tal funds 2024 Total 2023 Admini8trnbon expen58s Meeting expenses Stockbroker fegs Other expgnsgs Aud actIntIn fees 16.5n 16.5n 15,256 1,386 1.386 2.074 6,912 6,912 T•lal 2024 27.656 25.286 2024 2023 Foos to th8 charws Iha audll ofth8 charws amual accounts 912 6.556 TN8t••¥' r•mun•ratlon and •xP$ JrlrwJ the year. no tr1608 1Ved bgngfits (2023. £NIL). JrirvJ the y8ar ended 31 Oe¢ember 2024. thro8 truBte8s reInLrnernents for expBns8S. totallng £842 (2023.. £158 received by ttwee truslees). P¥16
THE LADY HIND TRUST N(rt•s lo th• Flnanclal Stthn•nts F(th• Yw End•d 31 D•¢•m 2024 Flx•d us•t Inv•stments Ust•d Invostmonts CMt or valualon At 1 Janu8ry 2024 AddStions 22.648,813 2.963.895 (2M41.651) 329,525 DIsFwIs At 31 December 2024 23,400,582 N•t book valu• At 31 Dec8mb8r 2024 23.400.582 Al 31 D8cember2023 22.648.813 Al tho fwd assot in¥ystM are hekl U The investmant a¢qui$lvJns and d1$F$* ngt of investmwt magr leos arKI commls$ions of £28.91912023: £23.992). The £989,578 of net galns (2023.. £1.616.760) on investments in th8 SOFA includes £329.525 unreali8&J gains 12023: £1.444.546) £660.053 realised gain$ {2023.' £172,214) in relaliM to Ihe fixed asset we8tments. Paje 17
THE LADY HPID TRIIST 14010• to Flnancknl Slatom•nts Cr•dltor•: Amounts lalllng wllhln on• y•ar 2024 2023 Acuu81s and defwTed income 6.914 6.552 Stat•m•nt of funds stat•m•nl of fundg- cwront *r Balan at Bal•nc• at 1 31 January Galn81 DKamb•r 2024 Incorn Exp•ndlkn (Loss•sI 2024 Unr••trlGt•d fundB Capltsi amoLWrt Inccffie arrnunt a981046 989,578 23,971624 250.875 319N78 {329,156) 519.478 (529.156) 989.578 24223.499 Slalement of fvnds. wlor yoar 8alance al 31 2023 Unrostrlct•d fund• Capltsl amoLWrt Income arTh)unt 21.366.286 347.357 1.616.760 22.983,046 260.553 536.482 (621286J 21.711643 536.482 (623,286) 1,616.760 23,243.599 Page 18
THE LADY TrUND TRUST Nol•s to th• Flnanclal Statsm•nts 10. ol n•1 auots betwn fiwMIB Analy81 of n•t a8••ts b•lwa•n funth. currnnty funds 2024 funds 2024 Flxed asset invastrnents Current assets Creditors 7hithin ce 21400J82 23.400,582 829031 829,831 (1914) Totsl 24,223,490 24323,499 Total funds 2023 2023 Flxed asset inveslments Cuont assets Creditijrs Oje *ithwi one 22,648.813 22.648.813 601.338 601,338 (6.552) 1&552) T4)lal 23,243.599 23,243,599 11. 2024 2023 Net rTrMment in funds for Ihe >par {as pw SlateM of Finanaa Actles) 979,9(MJ 1.529,956 Adlustments f¢r: Nel gains on investrngnts Divtdends aTrJ wtsrest from inveslm Increas81{decrease) in creditors (989,578) fl.616.760J 1519.4781 (536,482J (528J N•t G••h w•d In owatlng a¢ll¥lU (528,7941 (623.814) Page 19
THE LADY HIND TRUST Not•s to th• Flnanclal Stat•m•nts 12. 2024 2023 Cash at bank arKI n harKJ 829.831 601,338 Total ¢•sh and cash •qulval•nts 829.831 601,338 13. Analysls of Net Cash At31 D•cemb•r 2024 2024 Ca•h Ilo Cash at bank and in haxl 601.338 228h93 829.831 601,338 829.831
THE LADY HIND TRUST Ilot•s to th• Flnanclal Slat•m•nts Fwth• Yw End•d 31 D•C•mr 2024 14. R•lat•d party trn1( C W L Barratt. a trustee. is a (iirector of Bmtt & Cocth Hokjings LYrite(I, whose wholty own8d subsidiary Bmtt & Cooke knmited Manages the Tntsvs investrnents. Fees and cnniSSIonS paid to Barratt & CocA(e Limited dumg amounted to £30.65312023: £2S.3201. Barratt & Cooke Limited does not ¢harge a Par1¢ investment fee. The truste8s KIer that the Trmwralwjn compa$ favourably dwges levAd by other inveslment managers. N R Savory. a trustse. is also a non exeujfve dlrector of Barratt & Cooke Linit•J. C W L Barr8tt is a trlee of ts NoTh¥th Cattthl Trust Durir¥J thè year. a grant of £20.IJOO {2023.. £20.0001 w88 made to the Cathedral CtrM)Ir EndtrA FWKI. N R Savory is a tNslee of SiC kn c C1Kbe5 to Th¥th a grant of £10.1 (2023: £17.500) was made durlng lh8 >wr. During the pre11$ year. N R Savorywas a trustee of East knglian AlrAmlanCe to whh a grant of£NS1 (2023.. £15.0001 was mad8 duriry the yaar. N R Savory is a truslee of WhiOwvJtrwn Charilatle TnAt to which a grant of £Nil (2023.. £10,000) was made during the r. N R Savcrfy was tha rffjsKltht of thè AJ4shwn SITh io wli a grant of £S.000 (2023: £N) w88 m•Je dumg Ihe ar. N R Savory Is the treasurnr and C the ptsh Crth of Great Smithg Church to which a grant of £NII {2023: QSOOI was made durivJ tho s•¥. T H Farf$ wfe 1$ a Inthe of P(Mal CcAl¢ge a wt of £Nil12023: £40.000) was mad8 during T H F8rfs wfe 18 patron d lnyty41 Lives to of £NI <2023: £3,000) was mad8 ring the I trustg9s of Ihe trust wtbj have aulIrity and rgspon$ibilty lor [ning. direcliNJ and controlllNJ the activibes of the trust are rA)Th8Klefftl to be key management pn(ne1. Total r8muratiDn in r•s¢t of thgse kndlvlduals Is £NI (20Z3: £NI). 1& Grnnts ld ta In•lllutloThB of £1,1100 or m¢ 2024 Framert Housing Asxwts YMCA Norfolk 5.000 1.000 11.000 Page 21
THE LADY frIMD TrIIST Nolm to th• Fln•ncW Stat•m•nts 1S. Grants p•ld trj In•lltutkm of £1.0110 or mor• 2024 The Garage Twst Music In C(KJnty Churches Norfolk Cwnty Musi¢ Festiv4 Pintsize Theatre Ltd 2.000 10,000 1500 1500 18.000 2024 Church8• Caw¥kn PCC Church Arn)y PCC St P9tgr & St PaLI He> Mount Zn ApostcAic Chwth Th8 Norfolk Churches Twst The Norfolk Churches Trust Nottinghamshirg Hist¢ CP4Jrdws Trusl PCC St Petern Ravenshead Woven Sl Loodegarius Churth- Basfcvd St Margarèfs Church- Aspl8y St Margaret's Church- Owthoryje St Mary Magdalen& Chwth- Gorte St Mary Mden8 Churth- Nwark st Marrfs Church- Amold 1.500 1.IXIO 5.000 2,000 1000 7.500 10.000 2,000 3.000 4000 3,lJOO 2.lJOO 10,1100 61.000
LADY HIND TriIST Not•8 to th• Flnanclal Stat•m•nts 15. Grants pdd to In•titutkn• al£1.1 or morn (¢onllnu•dl 2024 Belvoir Ciicket & CounlryJKle Tntst Break County Trust CrKninon UK Flshlng for Schoc48 F1prints Conthctsvé Centré ICEC) Nansa 1.000 2,500 1.000 1,000 3,000 20,IJOO 1&01JO Nottingham HW Sch1 Read Easy Royal Norfolk Agnttal A¥wialK Sthts)l ofArtisan Fc<rfl Sthodffjad6rs Univeryty of East Ar Isoo 10.1)IJO 69,000 2024 EnvlronTnM Marine Conservati¢ So 2,500 2,500 2024 8ervlco8 ABF The Soldiers Charity- Trthxfolk The Chelsea Pensioner5 Le Paradis Memorial ApFwI WirwJs for wal01S 2.500 1,000 4,000 1,(XlO 8.500
THE LADY HIND TRUST Notes lo tho Flnan¢W Statom•nts 15. Grants pold to InllluUons of £1.000 or rnow• (contlrnwdl 2024 GrOUplb• Nottinghamshir8 Community F{xJaOn. pavlo Club Nottinghamshire Girfw#JiTrJ- Elton Canyite NOttIn8m$hlré Club for YcwrKJ PeoFle Ltd. 33rd Ncrfwich sC(rt Ikn Snettlsham Pa1 FurMI 30,000 2.500 10.000 50,000 2024 Gloucester 1682 Charitabl6 TrLt Green's WlThJml TNst 15,000 iooo 18,000 P•Je 24
THE LADY HIND TRUST Not•s to th• FINrbclal Stat•m•nts For tho Y•ar Endod 31 Decem 2024 15. Grants pald lo In•titullon• of £1,11 or fflor• (wrtlnwd) 2024 M•dlc•l l Dlsabl•d Alzheimerfs Researth UK The An8pWaxis UK Anthory Ncl Bowol Cancer UK BrfUsh Wkeless fLV the BliThl Fund Camph1 commrtIsS EastArla Changng Fac88 Demand East Angla's ChikJTen's Hospices East Ajrknbulan Brltish EpilepsyAs8ouation (EplepsyAclion) Great CThond Street Hosplt81 Chlldm's Charlty 1,1100 1S.000 1,000 1,000 1S,000 1,100 10.IXIO Llsterdng 8oc4(s Maggies Nottingham The Multiple Sderosis SCK Orchid Fwhling Mal8 Cancer Peter Le +ArCh TnEst Rainbth¥s Childw's Hospice Reach Learning Oisability The Roy Casye Lung c¢fjr FNIal Stepping Stones (Norwich) strOngbor Chilthen's Charf18ble TDJst The Norfolk Hose. TaprYd HrAtse Tlme Norfolk Well8elry ofW¢xn Young LNes vs Can( 1,000 1.000 5.000 1,QQO 2024 W•lfar• Age Concem- Newbury & [strkI A$harn & Distri¢t Care Tntst Base 51 Isoo 1,000 1500
TTrLE LADY frMND TRUST Nol•s to Ih• Flnanclal Slal•m•rts 15. Grants p•ld lo In•lltArtlons of £1,IJIIO or moro (cortlnwd) 2024 Welfar• (contlnuad) Buckingham Emergéncy Ftth The 8eniamin Foundati CA.S.Y. Connects & Co Fareshare Midlands Faresham Ea51 Anglia The Fire Fighters Ch¥ty The Fri8ry Grndw(k Five Counlies He&Jway NotbrwJtsm Hebron Trusl The Helpful Bwoau Htsritage Houso Grw) Hetys Hop8 Springs Hcrfticuliure CIC Imara CIO Supwt After Ttauma Tho Matthow Prr48 The Mlssion to Seafwe Nar• Oldfiekl Tnjst North Norfllk Communlty Tmswl NSPCC- Noltinghamshira Open H(Kne$ Nottingham Open Minds lJ>eration Orphan Project Wkngman Rordl Ara1 Benevoknt Inststtti Radford Caro Group Ro&h VolunlgerirvJ Starfltht CNlthen's FcAmdation Sue Lambert Trust The Feed Foundalic Transfomlkng Nolts Togellw Trent Compassion Trust- The Under One Rc Wlnsttrl'8 Wish 1.000 1,000 3.000 1.000 1,000 sooo 000 3,500 5,000 2,000 5,000 5,000 2,000 3,000 5,000 1,000 2,500 1,000 10.0110 18.500 1,01)O 5,000 2,lYbO s.0 3.$00 2,000 121,000
THE LADY TrIND TRUST Not•5 to th• Flnanclal Stat•rn•nts For the Year Endgd 31 D•c•mber 2024 15. Grnnts pald to In•tihrtloM of £1.IIIXI or mor• (conllnwd) 2024 AshaM Show Belong Bromley Fkiuse Ltsary Bromley Fk)use Liiyary Natlonal Crimebeat Norfolk Comrnnty Law Servi¢6 Norfolk Comnwnlty Foundatm Noltrthamshire ComThwnty Four¥JalK 10,000 3.000 1.000 2,SOO 10,000 $7,$00 Total grants pal to lnsblul of£1.000 or Other grants li aggregate 499.000 2.500 501.500 Pag8 27