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 Stat￿￿n￿ 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 was £979.￿O12023: £1,S29.956). The not assets of the trust at tho ￿ end aTr￿Unted to £24.223.499 (2023: £23243.599}. 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 aPprO￿￿ate 8Tr4uitss, the trustees a rea¥onaL4e expectatm that the charity has adequ8le res￿rceS to continue In operalional exi$twKe for the fore￿at￿9 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 M￿￿gernent costs. Ho*wer. 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 LJJns*ler 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￿)Intrn8￿t 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 7*hid) will generate a balance of Income and growth with a me(*w￿￿h 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 investh￿nts, indjding Ca￿ts1 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 m*wpm•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 ch*table p￿￿O$e$ in Erb3land and Wales as the trustees in thelr abS￿ute dIScre￿on conslder fft. Tho I￿￿t do8s not ar*v8ly raise funds but seeks to continu8 th6 chaiiiatlè gNing req￿ted by th6 testaior through the Garefvl stewardshlp of Ms exlslkng res(Krn. Page 3 THE L￿y H14D TRIIST Tru3t•o¥' Ro1)ort {contIn￿dI Forth• Y•ar End•d 31 tkn•mb•r2024 Structwoi g¢Mrnanc• and manaq•m•nt (contIn￿d} 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[￿ta￿S shall serve and no s￿h limitalicffi5 have bgen mado on the appoinlment of the current truste8s. Because grants are made prirKipally to org￿l$all¢￿ basgd in Nottinghamshirg and Norfolk, new tfustees are likety to be ￿rSOnS resKle in arnl are krM)*I8dgeable ab(xrt charitsble Insltiutiong In those L￿￿tles. At their four4nonthty meetiry. Ihg In￿89$ agree thg iKc*d strategy and areas of actimty for the tNst, co￿lderatIon ol grant makwi9, inVestrn￿t. 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 (>)r*aclad 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 legI￿allOn 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 res￿n51b11ities 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•1￿￿*hI 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. ch￿ty registrai￿n 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 establish￿j SyBtems and prDcedures to manage those ith. The risk management stralethi 18 re4Th8v￿1 anrnAIIy. Plam for futtv• ￿rIodS Tho trustees, m8kK L**58￿1¥0 is to 8n5wo that in fulure ￿arS tho of incom8 n81 of 8xpendliure that are avalla1￿8 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 $8cufll*s. index $￿UntieS aThJ equth&s in ¢ydw to ensure. as bgst can. the continued growth of the trust furKI. Pag8 4 THE LADY HWD TRUST TnMt••8' R•port (¢ontinu•d For th• Y•ar Endod 31 D•wnb•r 2024 Stat•rn•nt of tru8t••s' r••pon8lbllltl The trustees we responthle for prepainJ the Tnth, Ret*Jt ￿ the financial statements in accrKdan¢e with Practlce). The law appltcable lo charllles In England & Wales requrns the trustees to prepare financ4al stalements for each financial vthich give a true aThJ fair vlew of the stste of affairs of the tharity of its incoming re$our¢es and applicathon of resources. irtluding its WKY)me exp￿￿￿tl￿. for that period. In preparing these finandal statements. the trustees are ￿qUired to.. selecl suitable aCCc￿ntr￿ ￿￿￿eS WKI then aFFty Ihem (xxksistenty, obse￿8 the methods and wnciples ol the Charthos SORP IFRS 102): make judgments and accounting eslimales thal ￿ Toasonable pnmjert Stale whthr applicaL48 UK AccO￿ti￿ Standwds IFRS 102) hav8 b88n fdlowed. subject to any material departuTr$ disdosed and expla￿ed in fv finwKial sl8tthn￿ts. prepare the finan(yal statements on the concem basls unless11 1$ inapprc¢*rlate to presumè that the dwity1￿1 continue in t￿IneSs. The tn￿le&S raBpKJnsiLl8 for k88ping adequato accoLmting refy)rds that are sufficient to show and explain tho Chari￿s transac￿n$ ond discl¢)5e with reason￿10 ￿ 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 her￿e takiThJ reasonable steps for the [￿evention deteclion of fraud and other irreg￿ari￿s. DIscI￿ur• of Inforn￿l0￿ to rA￿lt￿* Each of thè p*sons aro trustees at the time this Trustee¥ RaM18 apwoved ccrfrn￿d 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 L￿y HW4D TRLIST k*nd•nl *AKlltows' R•port to th• IA•mb•rs of Th• Lady Hlnd Trust Oplnlon We have audlled the fmancial stat￿ts of T1￿ Laty Trust (thg'tharity) for ended 31 December 2024 which comprise the Slatement of financial activiknes, the balarKe sheet the related notes, I￿Ing summary of slgnrfi￿nt accounting The rm8￿1 reFQrting framework that has beèn applied in their preparation 1$ applicable law and Unitad Kmgthyn A)>JJnting StsrKlarts, induding Financial ReFKJrting star￿ard 102 The Finanoal Rep￿￿19 StaTrJard app*xt4e kn the UK aTh1 Rep￿￿1¢ of Irelarrf {Ui¥téd Kingdom Generolty Accepted A¢¢ountiry Praclice}. The financi￿ staterr*nts have been Fwared in arts)rda￿e ￿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 ts￿e and fair vièw in acc(wdanc& wlth the Generally A¢cepted Accounting Prnctice off￿11¥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 ch￿l￿S affai￿ as at 31 Oacwrt)8r 2024 and of its incoming rewurces and ¥*pliCa￿n of resourcts for the ended: have been property prepared in acrnnlarK8 wAh United Iwom G•n8fdlly Accepted ArA>Juntlng Ba•1• for oplnlon We ¢orKI￿tOd our a￿jff( in aC0)rdan￿ wih Intarnl￿ staNIa￿ on Aud* (UK) (ISA8 (UK)) and applicable law. Our responsibilitles under ItrM)se #andards are further deS￿ibed in the Audito￿. reS￿nSIbIlitieS for the audit of Ihe financial statemBnts section c4 our rep￿1. 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 otr*r 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 fina￿la1 statements is wropriat•. Based cm the vffjrk we have perfQrrr￿d. not idwtsfad any matwHI un(wla￿lieS 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 f￿￿Kial statements are authorised for issuè. Our respons1bil￿es 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￿ ix*Jded in the ￿r￿jaI Report ottw than the finandal statements and our Auditors, Report thernon. The trustee5 we responsible for the other information (X￿taIned 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 $0. ¢onsider whether the other informatlon18 materially intonsistont with tha ffinwKial stat8ments or our knoWAdgg obtained in tho COU￿ of the audit. or othernise appears to be maleri￿ly misststed. If ￿ Klentify such materi81 InCO￿$tend&S ￿ apparenl material misstatemerts. we are requlr•J to detemiine whetr*r tNs wes rise to a materfal mlsstatement In the finawal statements thwnsolves. If. bas6d M tho th wo have porformed, oyd￿je that there is a material Ml881atem￿t 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 IcAb*ing matt￿5 wh8ro the Charities (kn4)unts and Reports) Rfjgulatio￿ 2(M)8 requires us to rep￿t 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 f￿1 been kept: or the financial statements are not h agreement wlth the a(￿An1*￿J r￿rdS and relums: or we hav8 not r￿1ved 81 the Inlom)ation and we raquir8 for our audlL RHponslbllltl•s of ITUSt••s As explained more filly n the Tntsl8es' ReS￿￿1b￿￿1eS 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 ch*itys abimty to conllnue as a going corKem. disdosing, as apFIK*de. 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. L￿y 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 re￿rt 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 g￿rante9 that an audit conducted in accordance with ISA8 IUKI will deteL* a material mis*atement it exists. Mis$tslement$ tan arfse from fraud or error are Co￿[dered matwial rf, ￿￿Tr￿ldUallY 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 w￿atior*. We design procedufe$ in line our responsibilities. outhned at￿. to detect Matw￿l mi$statgments in resp8Ct of irregularilios. Ind￿lIr￿￿ fraud. The oxlenl to wlwth our wocedwes are capable (Jl detec1￿79 Irre9￿an{leS, including fraud is detsiled belcv4¥: Based on our unde￿landing of the ch8rity and in¢*J81ry, identify tt)e key laws arKI r8gulalion¥ affacting Ihe Charity. We identified that the prinapal risk of fraud or rth4cthpl1￿lX Wtih laws and regulatlons related to: management tlas in resK*rt al a¢ws from Inv•stlng a¢Uvltl• Dividends and intwest fr(Mn investmenls Proceeds from sole of investrnents Purchaso of ￿Ve$￿￿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 8lwiva1￿ts 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￿ stateM￿ts 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 I￿n pYepw•J with ACLxM￿knng and Reportiw by Charities: Statwnent of R￿n￿n￿ded 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) - (ch￿e$ 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 rr￿ThIed 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 Un￿5$ otherwrfse staled In tha r￿O￿t aC&)￿￿r￿j wll¢y. 12 Incomo l In￿18 is recOW￿¢d Ihe ch* has wtlllemenl to thg It Is probablo that the irKome ill be I8￿Ved and the amwnt of hxome recthatAe ￿ bè meagured rellably. Income from inveStm￿ts is rec(wise(l in Ihe wKome aKI expeTrJI￿re a¢xcwnt $0 as to mat¢h th¢ income within tha period il has been 98med. Any investmenl iThxrn recai¥ed in advanca or in arrears is deferyed or aCcn￿d in the b￿ar￿e sheet accordingly. 1.3 Expon¢lthr• EX￿ndItuTe 1$ recognised on¢e there ￿ a legal OT construclNe obthgalion to transfer eonornic bonèfit to a third paty. ri is probable thal a transfer of econ￿1¢ bgneffits wll be r8quirgd in settlement and th8 amwnl ofthe I1)ligai￿ can be measured Expendknre M charilable iJre¢ty W￿￿￿king 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% ind￿led r￿lIv￿￿e and tho amount ¢an be mea$ured reliably by the charity. this is rKrfm￿y notilkation of th8 interest paid or payable by the ￿Stituti 1.5 Invmtments FLxed asset InVes￿nts ￿ a form irf financlal instNrrEnt and are initially recognised at their transactK¥n cost end SLWuentty measured at fair valu8 al the B8lwt¢e Sheel dale, Un￿5$ 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 F￿a￿la1 Acbvitw. 1.6 Cash at bank and kn hand Cash at bank aTrJ in hand indudes cash ar¥J s￿rt-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 0￿￿19alTh can be measured or estinated relkqbly. Cfethtors a)d provisions are nOm￿lY recLYJnised at their sellemenl arr￿rrt after al￿￿ng 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 i￿trument& Bas￿ finandal lrntruments iiitkqty rwnis6d at transacllon valu8 and 8ubsequ8nl measured at their setuernent value *ilh th8 exception of bank loan$ whi¢h ￿ $ubsequentty 1.9 Fund accountlng General fvnds are UNestrI(￿ f￿d$ are avallable for use at the dis(¥etion of the tw$tee$ in furtheranco of th8 g6nwd obpc*ves 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 B￿k 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•m￿r2024 AnIty￿S of 0x￿ndI1Ur• 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•nth￿r• 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￿ actI￿ntIn￿￿ 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 tr￿1608 ￿1Ved bgngfits (2023. £NIL). JrirvJ the y8ar ended 31 Oe¢ember 2024. thro8 truBte8s reInL￿rnernents 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￿$* ￿ ngt of investmwt m￿ag￿r leos arKI commls$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 bet*wn fiwMIB Analy81* of n•t a8••ts b•lwa•n funth. currnnty funds 2024 funds 2024 Flxed asset invastrnents Current assets Creditors 7hithin c￿e 21400J82 23.400,582 829031 829,831 (1914) Totsl 24,223,490 24323,499 Total funds 2023 2023 Flxed asset inveslments Cu￿ont 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 Actl￿es) 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•m￿r 2024 14. R•lat•d party tr￿n￿￿1(￿ 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 c￿n￿niSSIonS paid to Barratt & CocA(e Limited dumg amounted to £30.65312023: £2S.3201. Barratt & Cooke Limited does not ¢harge a Par￿1¢ 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 tr￿lee 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￿ C1K￿be5 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 AlrAm￿lanCe to wh￿h 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 p￿tsh C￿rth 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(*Ma￿l 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 aulI￿rity and rgspon$ibilty lor [￿￿ning. direcliNJ and controlllNJ the activibes of the trust are rA)Th8Klefftl to be key management p*n(￿ne1. Total r8mur￿atiDn in r•s￿¢t of thgse kndlvlduals Is £NI (20Z3: £NI). 1& Grnnts ￿ld ta In•lllutloThB of £1,1100 or m¢ 2024 Frame*rt￿ 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 Z￿n 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 M*den8 Churth- N*wark 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 F￿1prints Conthctsvé Centré ICEC) Nansa 1.000 2,500 1.000 1,000 3,000 20,IJOO 1&01JO Nottingham HW Sch￿1 Read Easy Royal Norfolk Agn￿￿tt￿al A¥wialK Sthts)l ofArtisan Fceration Orphan Project Wkngman Rordl A￿￿￿ra1 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 A￿shaM 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