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 Kenn￿1Orpe
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 ch￿lty
(fomerly WAI)
INCORPORATJNG THE
CHARITY OF FANNY DARBY
(R¢8iStered ctwity number 250770)
JOHN DE￿ry THOMPSOiN' CIFT
(Registered Lharily nu¥nber 217584)
Page I

LOUTH U￿rTED CHARITILS
4r¥yuAL REPORT OF THE TRUSTEES
FOR THE YEAR E.YDF.D 313t DECEMBER 2025
The trustees p￿sent their retprt and accounts for the year ended 31° December 2025.
Reference and admitti$trAtlve detalls
The registered name of the c
ty of Louth United Charities and its registered clwity number is..
United Charities
220157
The principal address for the delivery of do¢umertts relating lo the charity is Rowanside, Church Lane,
Owmby by Spitsl, Market RaseN LN8 2HN.
The trustees who seryed during the year were:
MsJABell
MnEMByrne
Mr A Leonard
Mrs S E LoLking {resigned 13 April ?026)
Mrs CJ M Makinson-sanders
Rev M Croft (resigned l April 2026)
MrDEWing
Mr A Hall (￿S1￿)ed 3 May 2025)
Mrs J Pegg
Mrs r Bennett
Mi.%% K Parsons (appointed 23 July 20?5)
Structure* 8overnallce and m*nagement
The United Lhariiies are regulaled by a scheme of the Charity Commissioners dated 17th February?
1972 as varied by schemes of29th November. 1984 and 4th July 2017 and 20 November 2023.
The governing s¢hem¢s ofthe Unitedcharities, &$ amendcd provide for Iwelve ￿LStee& to k appointed,
bcing one ex-officio tnJ5te¢, two nominative trustees and nine Co￿P￿tive 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¢ ex￿Ar]e10 tr￿stee 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 b￿lnesS 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 I￿en given. Where a vacancy in the position of a co-
optative tn￿tee 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 b￿Slee, 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 sh￿1 ￿ 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 f￿1]ItIes.
Th¢ trustees confirni thal they have referred to the infomiation Con￿Ined 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 c￿leS 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 infom￿Li0n 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 ex￿nded were £51.730 (2024 £43.462). and perlnanent endowment funds
expended on investment purchases were £489,663 (2024 £836.338).
This gives to￿1 resources ex￿nded 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 ex￿nseS before investment gains of
£7,238 (2024 net income of £1 1,831).
When the eash surplus for th¢ year is added to the a￿Umulated 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 r￿ed 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 EXAMINER*S REPORT TO THE TRUSTEES OF LOUTH UN￿ED
CHARITIES
I report on the aecounts ofthe charity forthe year ended 3 IX December2025, whith are set out on pages
7lol3.
ReSt￿CtiVe 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 CE￿ItieS Act 2011 (th¢ 2011 Act)
and thai an independent exaThination is needLxl.
It is my resp￿sIbIlity 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¢S￿e4 the requirements..
to keep accounting records in a¢￿[dance with S￿tion 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 Tr￿teeS on
and Si￿d 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 E￿DED 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 p￿paring 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.
DOn￿l￿nS. legacie5 aEMI other forns of voluntary income are r￿Qgnised &8 incoming resources when
receivable. except in so far they are incapable of financial measurement.
Assets given for use by the charity are r￿o￿LSed 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 b￿lS 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 r￿CiVable. 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 restrIc￿d 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 U￿lTED CHAIUTIES
NOTES TO THE F[N￿NCIAL 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$' expenses paid for the year ended 31 December ?025 nor for the period ended
31 DeCem￿r2024.
3. MOVEMENT IN FUNDS
Net
movement
in funds
At31.12.24
Al 3l.12.25
Unrutrl¢ted fllDd8
General fund
51,405
7.795
59,2
Permanent Endowment fund$
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

LO￿rH UThITED CHARITIES
OTES TO THE FIN￿}CIAL STATEMENTS
FOR THE YEAR E￿DED 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
Tri￿le¢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