LOUTH UNITED CHAIUTIES UYALDITED ACCOUNTS FOR THE YEAR ENDED 31$t DECEMBER 2025 Dexter & Sharpe (Louth) l Eastgate Loirth Lincolnshire LNII 9NB
LOUTH UNITED CHARITIES ACCOLTNTS FOR THE YEAR E,WDED 31yt DECEMBER 2025 INDEX Page CHARITABLE FUNDS ADMIIYISTF.RED ANNUAL REPORT OF THE TRUSTEES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FlliAI%'CIAL ACTIVITIES 10- li BALANCE SHF.F.T 12- 14 NOTES TO THE ACCOUNIS The following pa8¢ does not forni part of the statutory ac¢ount$ 15 SCHEDLLE OF CHARITABLE DONATIONS
UTH UNITED CHARITIES 31$t DF,CEMBER 2025 CHARITABLE FUNDS ADMINISTERED UNITED CHARITIES (Regi$t¢red charity nwni*T 220157) Consisting of: Charity of Anthony Acham Charity of Jarrdtt Allandale Charity of Edward Boll¢ for the poor Charity of Jarte Bradley Charity of Richard Codd Charity of Oliver Kenn1Orpe Charity of Robert Osn¢y Charity of15abella Phillipson C harity of John Skipwonh Charity of Thomas SFnceT Charity ofAnn Wadcson Charity of William Wadsley Richard Wrighi's Fund (fomlerly for bulter and cloth) Richard Wright's Relief in Need chlty (fomerly WAI) INCORPORATJNG THE CHARITY OF FANNY DARBY (R¢8iStered ctwity number 250770) JOHN DEry THOMPSOiN' CIFT (Registered Lharily nu¥nber 217584) Page I
LOUTH UrTED CHARITILS 4r¥yuAL REPORT OF THE TRUSTEES FOR THE YEAR E.YDF.D 313t DECEMBER 2025 The trustees psent their retprt and accounts for the year ended 31° December 2025. Reference and admitti$trAtlve detalls The registered name of the c ty of Louth United Charities and its registered clwity number is.. United Charities 220157 The principal address for the delivery of do¢umertts relating lo the charity is Rowanside, Church Lane, Owmby by Spitsl, Market RaseN LN8 2HN. The trustees who seryed during the year were: MsJABell MnEMByrne Mr A Leonard Mrs S E LoLking {resigned 13 April ?026) Mrs CJ M Makinson-sanders Rev M Croft (resigned l April 2026) MrDEWing Mr A Hall (S1)ed 3 May 2025) Mrs J Pegg Mrs r Bennett Mi.%% K Parsons (appointed 23 July 20?5) Structure 8overnallce and mnagement The United Lhariiies are regulaled by a scheme of the Charity Commissioners dated 17th February? 1972 as varied by schemes of29th November. 1984 and 4th July 2017 and 20 November 2023. The governing s¢hem¢s ofthe Unitedcharities, &$ amendcd provide for Iwelve LStee& to k appointed, bcing one ex-officio tnJ5te¢, two nominative trustees and nine CoPtive trusiees. The ex-officio trustee shall k the Rector for Ihe tim¢ being of the P8yish of Louth. If a Rector has not b¢¢n appoints4 the Pri¢st-in-Ch8r8e may alt gs th¢ exAr]e10 trstee in his p¢. The governing scheme4 as subsequently varied provide th nominative trustre5 shall be appointed as follows.. Two by the Louth Town Council Each appointment of a nominative trustee shall IK for a peTiod of four years. In the we of a vacancy, notice shall given to the proper appointing iy)dy as soon as Fx)ssibl¢. ..Continued... Page 2
LOUTH UNITED CHARrrIES ANNL'AL REPORT OF THF. TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2025 ..Continued... Structure* governance and management (eoDtillued) The cfroptative trustees shatl E¢ persons residing or wing on blnesS in or near Louih. They sknll be appoinied for a period of five years by a resolution of the trustees passed at a Speci meeting or which not l¢ss than fourteen day5 noti¢¢ has Ien given. Where a vacancy in the position of a co- optative tntee arises, the body of teeS makes notninations for their replacetnent and subsequent appolntmetrt. The chair of trust¢es is reskN)nsible forthe induciion of any new bSlee, which includes inforn]ing th¢m of a tNstee's reswTrnsibilities, the aims and objectives and the hisu)ry of the ¢harity. A n¢w trustee receives acopy of the lateslannual rep)n and a¢unts. togetherwith acopy of the governing d(Kumenl. Objecdves and activities for the publle benefit The governin8 schem¢ of the charity provides thaL atknr meellng the management expenses and making payment of £1> per annum lo the King Edward Vl Cjrammar School Foundation at Louth, the incom¢ of the charities sh1 applied in relieving either g¢neraily or individually rSonS resident in the Ancient Parish of Loutli who are in conditions ofnced, hardship or distress by making grant5 of money or providing or paying for items. services or f1]ItIes. Th¢ trustees confirni thal they have referred to the infomiation ConIned in the Chariry Commission's general guidance on public bencfil when reviewing th¢ aims and objeclivcs of the charity. Ivhen making Future dcLisions the trustee5 will also tske into 8¢cuunt the Commission's guidance. 'I'hc trusiees meet twice a year to consider requests for assistsnce from the charity in pursuan of the objects in the governin8 scheme. The charity cleS out the objects laid down in the governing scheme by: l. E-mailin& previous rKipients and inserting notices on the CVS Websi and the Lincolnshire funding wrtal tWiLe a year invitin8 those individuals and organisaiions eligible for relief to apply to the truste for donations from the charity. 2. Puiiing an article in the local paper advertising for appli]ts 3. Holding mcetings of the tnLStccs to co[lder the requests submittcd io them for assistance. 4. Ensuring that up to date financial infomLi0n is available at trusiees, meetings to ¢nable them to makc grants to suitsble applicants with the aim of distribuung the majority of income availablc cach Aft¢r another year of rccord irjflation and interest rates, resulting in the cost of living incr&ising) it h&s left tn8J]y in limes of hardship, the ¢ommillee met awarded one otygrents totslling £10,485 (2024 £12.280)) and long terni grants were paid tolalling £24.573 (2024 £15,000}. Total grdnts ]d for 2025 was £35.058 (2024 £27:280). The Charity's long tenn grant commitments at 31 Decemkr 2025 are £15.0(K) per annum for 2026 with a]1 long terni grants coming up for renew in 2027. Cominued... Page 3
UTH UNITED CHARITIF.S ANliUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2025 ..Continued... Fingneisl review The gr05s unr¢slricted income of the charity during the year shown in the statsment of financial activities on pages 8 to 9 of the accounts was £57,134 (20?4 £43.8(K)). permanent endowment fund investments brought in inv&sLment sales of £447.021 (?024 £847,831). giving total overall incoming Jtsources of £534.155 (2024 £891.631). Unrestricted expenses exnded were £51.730 (2024 £43.462). and perlnanent endowment funds expended on investment purchases were £489,663 (2024 £836.338). This gives to1 resources exnded of £541.393 (2024 £879.8) and net income befor¢ Investment gains for unreslricted funds of£5.404 (2024 £338) and for pernianenl endowment funds net expenses of £12,642 (2024 net income of £i1.493). overdll we have exnseS before investment gains of £7,238 (2024 net income of £1 1,831). When the eash surplus for th¢ year is added to the aUmulated cash balance for unrestricted funds broughi forward there remain unrestricted cash funds on income to caryy fonyard of £37.092 (2024 £30,530). In addition lo the cash funds on income, the charity al holds unreslricted Blackrock and Charinco invo8tments arising from the a¢cumulalion of income re-invested at a markd value of £26.489 ai 31, December 2025 (2024 £24,100) &$ shown on page 10 of the accounts. The market value of the inv¢stmcnt portfolio has fluciuatcd over the 1&8t five years, and has been £1,703,096 (2021), £1,491297 (2022), £1,562.059 (1023) £1,642,186 (?024) and £1.743.709 ai th¢ end of 2025. This is shown in the accounts as £1.738.598 {?024 £1,629,015) in pernianentendowment funds and £5.111 (2024 £13,171) in unrestTiCt¢d Curtd& For a]1 the figure5 sialed above the comparative figure totsis include restricted 8nd unrestricted movements. Investment wlicy The aims of the trustees are to achieve a long tern) real return from the investment portfolio su¢h th the inwme increases at least in line with inflation, together with some growth in the rea] value of the assets over the long temi. The charity is likely to exist in perrrtuity, hence the adoption of a longer terni time hori7.on. Our investment advisers have been instructed to mmxtmise the returns required within a low lo mod¢rate risk categffy. The estimated future annual income befoTe fees from the endowmeni fund inv¢stments held at 31 December 2025 18 £40,(M)0 (2024 £42.83]). The lrnstees are looking forward to applying the inc<)me available to fund and enhance its ongoing tiVItieS for the public IKnefit. ..Continu¢d... Page 4
LOUTH UI%lTED CHARITIES ANIYUAL REPORT OF THE TRLSTEES FOR THE ITAR EL%DED 31" DLCEMBER 2025 ..Continued... Reserves polley The trustees, p)licy on reserves is lo preserve endowrnent capitsl and to distribute as far as possible each year th¢ balance of income arising aft¢r kyovision for ail kno revenue exFtttses. The Tn]stee also hold £1 1,547 {?024 £11.085) in a one year red tate IM)nd. This is to help cover the long term grani commilmeni if needed. On behalf of the trustees: G M MAklnsoD&Dd¢r8 (Trustee) DAte: Page 5
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF LOUTH UNED CHARITIES I report on the aecounts ofthe charity forthe year ended 3 IX December2025, whith are set out on pages 7lol3. ReStCtiVe responsibilitie5 oCtru$tee$ 8nd euminer The charity's tnL8tees are rtIN)IbI¢ forthe prep&rntion ofthe accounts. The char&ty'S trustees consider ihat an alidit is not requircd for this y&8r under section IM(2) of the CEItieS Act 2011 (th¢ 2011 Act) and thai an independent exaThination is needLxl. It is my respsIbIlity lo- examine the accounts under section 145 of the 2011 ACL follow the procedures laid down in ih¢ general J)iTECtions giv¢n by the Chariry Commission under seciion 145{5)(b) of the 2011 Acl. and state whether particular matters have com¢ to my attention. sl8 of Independent e]¢'S rtport My examination w&s carried out in accordance with the 8eneral Dirrftions given by the Charity CommissioTh An ¢xaminallon includes a review of the accouniing records kept by the Charity and a comparison of the accounts presenied with thos¢ rccord5. It also include5 considernlion of any unusual ilcms or disclosures in rhe &ccOUn and seekin¥ ¢xplanalion5 from you &8 trusl¢es concernin¥ any such maÉters. The procedures undertaken do not provide all the evidence that would b¢ required in an audit and conscqucntly no opinion is given as to whether the u¢counts pr¢gent a rue and fair view" and ihe repori is limit¢d to those inattcrs sel oth in the s¢atemcnt beloiv. IndepelldeDt ¢x•miner's ststemellt In connection with my examination. no matter h&8 ¢ome to my attention: which gives me reasonable cause to believe th4 in any malerial r¢Se4 the requirements.. to keep accounting records in a¢[dance with Stion 130 ofthe 2011 Act: and to prepare accounts whi¢h accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met- or to which, in my opinion, attenlion should ir drawn in order to enable a proper Ltnderstanding of the accounts to be reached. ..Continued... Page 6
INDEPENDENT EXLMINER'S REPORT TO THE TRUSTEES OF IA)UTH UNITED CHARITIES .Continued... Mr D Johnson MAAT Dextcr & Sharpe 0.ouih) Chartered Certified Accountsnts l E&%lgate Louth Lincolnshire LNII 9NB Date: Page 7
LOUTH UNIT'ED CHAIUTIES STATEMEI%T OF FLNANCIAL ACTIVITIF.S FOR THE YF.AR EPIDED 31sr DECEMBER 2025 Permanent Unrestricted Endowment Funds ru*ds Total Funds 2025 Totsl Funds 2024 INCOMING RESOURCES Dividends and inter¢st on inv&%tments Interest on deposit ac¢ounts Interest on Cambridge & Counti&s 56277 396 461 57,134 56.277 396 461 57.134 42,810 548 442 43,800 ASSET AND ll¥VESTMENT SALLS Brewin dolphin 477,021 477,021 847,831 TOTAL INCOMJNG RESOURCES 57,134 477.021 534 155 891.631 RESOURCES EXPENDED Grants Charitable annuiry Clerks f¢¢ Indep¢ndent examiners fee Trustee5 Liability Insurance Printing. postag¥. and sundrie5 Investment martagement costs 35.058 35,058 100 3,641 1,464 204 92 27,280 100 3,600 1.368 200 127 10,787 3.641 1,464 204 51.730 51,730 43.462 ASSET AND INVESTMENT PURCHASES Brewin dolphin 489,663 489,663 836,338 TOTAL RESOURCES EXPENDED 541393 879 800 Page 8
LOUTH UNETED CHAIUTIES STATEMENT OF FIliLYCIAL ACTIVITES cof4TINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 PerJnaDeMt Eadowm¢llt FuDds Total Funds Total Funds 2024 UDrestri¢ted funds 2025 TOTAL INCOMING RESOURCES 57.134 477,021 534,155 891,631 TOTAL RESOURCES EXPENDED (51.730) (489.663) (541.393) (879,81K)) NET INCOMF. BEFORE VESTME.NT GAtNS (12.642) (7.238) 11,831 NET GAINS ON INVESTMENTS 2.391 122.225 124.616 60.075 NET MOVEMENT IN FifNDS 7.795 117378 71.906 RE.CONCILATION OF FUNI)S FUNDS BROUGHT FORWAKD 51.405 1,629,015 1,680,420 1.608.514 NET MOVEMENT 7.795 109,583 117,378 71,906 FUNf)S CARRIED FORWARD 1,738,.598 1797 798 1,680.420 Poge 9
LOUTH UNITED CHAIUTIES BALthCE SHEET AT 31ST DECENIBER 2025 Perm8DeDt Endowmellt Funds Unrestricted Fllnds Totsl 2025 Totsl 2024 *sb funds Bank currcnt accounl Bank deposit a¢¢ount Cambridge and Counties Stockbroker income account Stockbroker deposii account 450 19.984 11.547 450 19,984 11,547 1,109 5.165 11.085 13,171 28.187 15.545 15,545 37,092 15,545 52.637 vestments as value Stocks and shares in stockbroker managed portfolio Bluckrock and Clwinco UK tjvnd Fund A Income Blackr(Kk and Charineo UK Bond Fund A Income Blaekrock and Charinco UK Bond Fund A In¢ome Blackrock Charishare UK Equity Fund A Income atm .723,053 1,723.053 1,600,828 605 605 596 148 148 146 SJ53 5,253 5,174 20.483 20,483 18.184 Market value$ at 3 1st December 26.489 1,723 053 1749 542 624,928 Total curr¢nt assets 63.581 738,598 1.802 179 1,683 645 Liabilities Independent c.xamin&5 fe¢ Stockbroker managcmcnt charges 1.464 1,464 1,368 2.917 2,917 1,857 Totsl net assets 1738,598 1,797.798 1.680,4?0 Page 10
LOL.TH LYITED CHARITIES BAI.ANCE SHEET COYTINUED AT31ST DECEMBER 2025 Total 2025 Total 2024 Funds of the charlty Unrestricted funds Pemjanent Endownmeni funds 59.200 1.738,598 51.405 1.629,015 1797 798 1,680,420 Approved by the TrteeS on and Sid on their behalf by ..f.A..e.. Trus*e MrsG Ma son-sande P8gell
LOL TH uf*ITED CHARITIES YOTES TO THE FtYATriCIAL STATEMENTS FOR THE YEAR EDED 31 DECEMBER 2025 ACCOUNTING POLICIES 818 of preparing the fin¥4Deial statements The tinancial staTrments of the Charitahle company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable io charities pparing thelr accounts in ordance with the Financial Reporting Standard applicable in the UK w)d Republic of Ireland (FRS 102) {effective l January 2015),, Financial Reporting Stsndard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Aci 2006. The fiTwicial ststements have prepared under the historical cosi Convention. Ineome All income is recognised in the Stat¢menl ofFinancial Activiti once the charity has entidement to the funds, it is probabl¢ thai Ihe inwme will be received and the amount can k measured reliably. DOnlnS. legacie5 aEMI other forns of voluntary income are rQgnised &8 incoming resources when receivable. except in so far they are incapable of financial measurement. Assets given for use by the charity are roLSed as incoming resources for the year with the equivajent expL'ndiiur¢ included in charitable expendilure. Ivhcre the donor intends the asseL8 to be LLsed on a continuing blS the expenditure has been treaied as a fixed asset Gifts in kind are included at their estimated value. No amounts are included in the financial statements for services donated by volunteer8. Grants are included in income when they are rCiVable. Grants are considered to be receivable when th¢r¢ is evidence ol'entitlement, foT example when the grant 15 fomaily expre55ed in writing and there are no conditions attaGh¢d. ExpeDdlture Liabilities are recognised &8 expenditure&8 soon as ther¢ is a legal orconstructive obligation committin8 the charity to that expenditure. tl is probable that a transfer of economic Etnefits will be required in settlemcnt and the amount of the obligation Can be measur] reliably. Exp¢nditurc is accounted for on an accruals basis and has bccn classifi¢d und¢r headings thai 8wvgate all cost related to the Category. Where costs cannot directly attributed to particular headings they have been allocated to activities on a basi5 nSIstent with the use of re50urc¢s. Tax4tioD The charity is ex¢tnpt from corporntiOD tsx on its charitable activities. Fund aecountlDg Unrestricted funds can be used in accordance with the charitsble obj¢ctives at the discretion of the trustees. Restricted funds can only be for parti¢ular restrIcd purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ..Continued... Page 12
LOUTH UlTED CHAIUTIES NOTES TO THE F[NNCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 .Continued... Further explanation of the nalure and purp)se of each fimd is included in the notts to the financial statem¢nls. TRUSTEES, REMUNERATIOY AhT> BEYEFITS Ther¢ w¢ff no twsl¢¢s' ttmuneration or other benefjts for the ywended 31 tkcember 2025 nor forthe year ended 31 December 2024. Trustees, expeDses There were no trustLt$' expenses paid for the year ended 31 December ?025 nor for the period ended 31 DeCemr2024. 3. MOVEMENT IN FUNDS Net movement in funds At31.12.24 Al 3l.12.25 Unrutrl¢ted fllDd8 General fund 51,405 7.795 59,2 Permanent Endowment fund$ 1,629,015 109,583 1,738,598 TOTAL FUNtY3 1,680,420 117J78 1,797,798 movement in fijnds. included in the aknve are &$ follows: Incoming R¢sour¢¢s Expended Movement in funds Unro8tritted fuDds General fund 59,525 (51,730) 7,795 (Pernianent Endowment funds 599.246 (489.663) 109,583 TOTAL FUNDS 6S771 (541J93) 117J78 Page 13
LOrH UThITED CHARITIES OTES TO THE FIN}CIAL STATEMENTS FOR THE YEAR EDED 31 DECEMBER 2025 3. MOVEMENT IN FUNDS- eontinued Comparative movement Net vement funds At 31.12.24 Unrestricted funds General fund 558 51.405 Pern]anent Endowment funds 71.348 1.629.015 TOTAL FUNDS 71,6 ,680,420 Comparative nel movement in funds. included in the at*)ve are as follows: In¢omin8 resources Resources Expended Movement in funds Unrestricted fMDds Generat fund 44.020 (43,46• 558 Permanent Endowment funds 907,686 (836.338) 71,348 TOTAL FUliDS 951,706 (879,81KJ) 71,906 Page 14
The followlng page does not form oftbe stglutory Accounts
LoirrH UNITED CHARITIF.S SCHEDULE OF CIL4RtTABLE GRANTS FOR THE YEAR ENDED 31st DECEMBER 2025 2025 2024 Louisa Dickinson Charity Lincoln and Lindsey Blind Society King Edward Vl Almshouse. School and F.ducalion Cliarity a¢ Louth Trile¢S of1he Ayscough Court ChaTity Louth Trinity Centre East Lindsey Citizens Advice Bureau- Louth Branch EDAN I,in¢s Lincs Wolds RDA Louth & District H¢lp for Hom¢l¢ss Spout Yard Park St Andrews Hospice Louth Communiry Plus Project Om)e Almshouses Lighthouse LRSN 2.000 5.000 240 2(K) 5.O¢K) 1.667 200 5,000 2.000 2,000 2.0(K) 2.000 1.000 5(K) 5.0(N) 4(K) 2,000 1.000 1,545 5.000 500 2,000 i.coo £35.058 £27,280 Page 15