REGisfERED CHARrrY NUMBER: 221978 Un•udlted Fln•n¢tsl Ststements for th• Ymr tnd•d 31 2025 Th• John Wllll•m L*mb Ch•rlty aayton & 8rewlll Chartered Accountsnts Cowley House 149-155 Canal Street Nothnoham Notunghamshlre NGI 7HR The John ¥￿NI•M L•mb Ch•rlty ft•r the yur •nd•d 31 M•rch 2025 g• R•for•nc• and Admlnl•tr•tlv• D•tsllB ••l•nc• Sh••t 14ot•• to th• Flnand•l St•t•m•nl• 7 to 10 D4tall•d St•t•mwt ot FIMnd•l AdMtI•• li The John Willi•m Lamb awrily for the year ended 31 March 2025 TRUSTEES MrAM Nall Lady A Murray Mr R A Hodge PRINCIPAL ADDRESS Noth"ngharnshire CornrNnty Foundation Ash House, Ransom Wood Busbness Pat* Southwell Road West Mansfiebj Nottlnghamshlre NG21 OHJ REGISTERED CHARrrY NUMBER 221978 INDepiNDtNT EXAMINER & Brewlll thjrtered Accwntsnts Cawley House 149-155 Canal Street Nottlngham Nottlnghamshlre NGI 7HR Page I The John WlhlS•m Lamb Charlty f•r tl* y•ar ended 31 14•rth 2025 The trustees present their report wlth the flnandal statements of the charlty for the year endejj 31 March 2025. The trustee5 have ad¢)ptsd the provlslons of ALrounilng and Reportln9 by Charltle5.' ststement of Recommended Practlce applKable to ¢harlties preparlng thelr accounts in accordance wlth FlnanclJl RewtlThJ Stsndard applkable In the UK aThJ Republic of Ireland (FRS 102) {effectlve I January 20191. OBJECTIVES AND ACTIvfnES ObJ•ctlv•• •nd •¢Uvlt The charlty's athvlty Is to provide annult*s and other benefits for elderty and needy persons, and to appolnt a vlsltor to watch over the welfare of the annultsnts. Durtng the year under revlew ann￿l￿e5 t￿allIng £8,300 were pakl to the benefKiarie5. ttyjetrer wlth £800 In grants for household purchases and utlllty costs. Publlc b•n•fit The trustees conflrm that t￿Y have cons6dered the Comm15sbtsn's guldèn￿ on publlc benefit when revlewlng the charlty's obJect6ves arKi act￿1￿¥. ACHIEVEMENT AND PERVORMANCt ChDrlt•ble •ctlvltl•• The trustees repDrt that ot the end of the 2024125 fmandal year a totsl of 13 berefid4rtes have recefved 4 varlety of beneflts IndudlrKJ regukir annultyes, together wlth all benefidarfes rffelvlng vlstts from the support worker. In October 2024 Y( was agreed to keep the number of benefidarles to 15, the excepuon belng those not needln9 flnandal support. Thls ￿ due to the amounts belng rect￿ed by certaln benefldarles to Increase ty £160. 5 new benendarles havlng been fwnd through the year and 2 be￿nd￿lIeS havlng sadty passed away In recent months r¢suttlng In the totsl number belw 15. FINANCIAL REVIEW PID•nd•l po•ltlon The Ststement of Flnandal ACt￿￿leS on page 5 shows r* Income tr the year of £4.424 <2024: £2,699) The Indlvldual Income jnd expendlture fbures, shown on page 10, were mosdy slmllar to those for the evlous year. except ftr an In¢￿&Se In Investrnent Income of £3,373 and no portfollo management fees {2024 .' £2,904) as fbo charges have, as yel been ralsed by the hvestment m)na9ers. There was an unreallsed galn on Investff*nts of £7,085 compared to an unreJllsed Investment l¢)ss In 2024 of £4,635, arKI a rn losses on the dlsposal of Investments 12024: £13,401), glvlng an overall surylus for the year of £11,509 {2024:defidt £15,337). R•MrM• polky It Is the pollcy of the dwrtty to malntsln ftserves whlth provlde sulftdent fvnds to cover twelve montl of management, admlnLstfttlon and suw)rt costs. Thls was SUII ea511y achkved wlth the balance of unrestrlcted fvnds at 31 March 2025 belng £1.027,077 (2024: £1,015,568). STRVCTURE. GOVERIIANCE AND IIANAGEMENT Gov•rnlng docum•nt The charlty Is controlled by Its govemlng d0￿ment a deed of trust and corstiwtes an unlncorpornted charlty. The charlty was fom)ed urvjer the wlll of the late John Wlllkim Lamb who dled on 21 June 1916. The charlty constttuted by the wlll Is managed and admlni5tered according to the Scheme dated 31 January 1922, as amended 28 November 2000. as amended by order5 dètsd 15 August 2003, 13 December 2004 and 4 March 2(K)5, The management of the charlty Is vested In the body of trustee5. Recrultment and •ppolntm¢rt of naw trnota• The exlstlng trustees have the power to appolnt new trustees by the pa55iry of • resolutlon at a rneeting of the trustees. New trustees are recruite(l from Indlvkluals èlready known to exLstlThJ ttustees, and are requ1￿￿ to slgn è dedantbon of acceptsn¢e of office In the mlnute twk. Page 2 The John Wllllam Lamb (Ywrlty for the ye•r ended 31 14arch 2025 STRucfuRE. GOVERNANCE AND MANAGEMENT Oryanls•tional •tructure The trustees meet th￿e tlmes a year to agree the broad strategy and areas of a¢tMty for the charlty, Indudlng the conslderatlon of potentkil new beneficiaries and the grantlng of addltional fvndlng for )usehold pur¢hases. The day to day admln15tratJon of the d￿rIty Is deleoated to Nottlnghamshlre Crynmunlty Foundation, wlth the v•elfare of annuitants belr#J ny)nIt0￿￿ by the thorivs support vjsltor. Rknk management The trustees have a duty to lden￿fy and revlew the rtsks to which the th)rfty Is exposed and to ensu appropriate contro15 are In pla￿ io provlde rea*nabJe assuran￿ agalnst fraud and error. pproved by order of the board of tnJstee5 on .. and slgned on tts behalf Lt kfek Mr Th• John WilliJm L•mb Charfty Indepwd•nt •xamlnerf• roport to the tru•tM• of The John Wllll•m Lamb Ch•rlty I report to the charlty trustees on my examlnakn of the actyunts of The John WIMlam Lamb Chartty (the Trust) for the year ended 31 March 2025. R•wndbllltl¢s and ba•1• of r•ptyt As the charlty tnjstees of the Tnjst you a￿ responslble for the prep)rthn of the actounts In accordance wlth the ￿uIrements of the Charltks Act 2011 {'the Art). I report In rcspe¢t of my examlnadon of the Tn￿,5 accounts carrled under Sectbn 145 of the Act and In carrylng Out my examlrkatlon T have followed all applthble Dlrertlors gfven by the Charty CoMmiss￿n under Sectlon 145{5)(b) c* the P IDd•p•nd•nt •xamln*• statement I have completsd my exaMIna￿On. I conllm) ttr￿t no materlal rnatte￿ have come to my attentlon In connectton wlth the examlnatkin glvlng me cause to believe thDt in any matertal respett.. Jccountlng records were nat kept In respect of the Trust as rnqulred by Sectlon 130 of the Act; or the accounts do not accord with those reconls. or the accounts do not comply wlth the appllcable requbrements cfjncemlng the frym Jnd contert of accounts set out In the Charttles (Accounts and Reports) Regulatbn5 2008 other than any requlrement that the accounts glve a tnbe and falr view whkh Ls not a matter conshdered as part of an Independent examlnatS0n. I have no concerns afKI have LY)me acTOS5 no other matters In a)nnErtlon wth the examlnatlon to whlch attentlon Shou￿ be drawn In thls report In order to enable a proper underthndlng of Kcounts to be reached. D Pery FCA Clayton & Brewlll Chartered Accountsnts Cawley House I4￿155 Canal Street Nrttlngham Nottlnghamshlre NGI 7HR Date: . Page 4 The John Villi•rn Lamb Ch•rlty for the y•ar 31 Marth 2025 2025 Unrestrlcted fund 2024 Total funds INCOME AND ENDOWMEPITS FROM Investment Income 32.215 28.842 EXPENDrnIRE ON Ralslng fvnds 2,904 Charltable •ctbvItI•• Expendlture on tharltable aLtfvitles Other expendlture 18,390 9.401 15,349 7,890 Totsl 27,791 26,143 Net galnsl(10s5es) on Investments 7.085 (18,036) NEf INCOME/(EXPE14DrnPRE) 11,509 115,337) RECOP4CZLIATION OF FUNDS Total ftjnds brought fon¥aAI 1,015,568 1,030,905 TOTAL PUNDS CARRIED FORWARD 1.027.077 1,015,568 notes fcrm part of these fmandal ststements Page 5 The John Willl•m ￿rnb Chwlty B•l•nc• Sh•4t 31 M•rth 2025 2025 Unrestrlrted fvnd 2024 Totsl funds FIXED ASSErs Investments 1,013,901 1,006,816 CURRENT ASSETS Cash at bank and In hand 16,315 11,855 CREDrroRS Amounts falllng due wthln one year (3,139) (3.103) NET CURReNT AMETS 13,176 ,752 TOTAL ASSETS LESS CURRENT UABiLmes 1,027,077 1.015,568 NET A55Ers 1.027,077 1,015,568 FUNDS UnrestrlLted funds 1.027,077 1,015,568 TOTAL AINDS 1,027,077 1,015,568 fln)ndJl statements were approved by the Board of Trustees and authorlsed for Issue on 16.-.eeÈbt..&2..g... and were slgned on Its behalf by,. iVcLL Mr Nall . Trust¢+ The notes ftym part of these fi￿ndar strtements Page 6 Th• John Wllll•rn Larnb Chxlty 14olos to the An•ndal Stst•m•nts for the year •nd•d 31 M•rth 2025 AccoupifING POUCIES Ba%1% of pr•parlNJ th• IIMnd•l stat•ments The flnandal ststements of the charity. whkh & a publK benefft entlty under FRS 102, have been prepared In accordance wth the Charities 50RP (FRS 102) 'AcCoUn￿n9 and Reporting by Charltles.. Statement of Recommer)ded PraCU￿ appltable to tharlues Prepart￿ thelr accounts In •ccordance wlth the Flnandal RemlThi Stsndard appltible in the UK and Republsc of Ireland (FRS 102) (effettlve l January 2019).. Rnanclal Reporung 102 Yhe Flnancial Reporting Stsndard appllcable In the UK and Republic of Ireland. and the Charttles Act 2011. Tr£ ftnandal statements have been prepared under the hLrtoriol cost conventbon, with the exceptK>n of Investments whlch arn Included at market value, as mo¥lMed by the revaluatlon of ￿rt￿kn assets. All income Is wnised In the Ststement of Flnandal Actlvlths once the tharlty ha5 enutlement to the funds, It Is probable that the Income wlll be recelved and the amount can be measured rellably. Interest on funds hekl on deposlt Is Induded when recefvable and the amount can be measured rellably by the tha￿ty.. thls Is r￿miallY upon notifKathn of ttr￿ Interest pald or payable by the bank. Dfvldends are recognlsed cffte the dlvldend has been dedared and notlRcation has been recelved of the dlwdend due: thls ts normally upon novficatlon by our Investment advlsor of the dlvldend yleld of the Investment portfollo. Expendltur• Uabllltles a￿ recognlsed as expendlture a5 soon as there Is a legal or cor*tnJttlve obllgatlon commltllng the charfty to that expendlture. It Is prt)bable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obllgJtlon can be measured rellably. Expendlture 15 recognlsed on an acrrnals basls ès a Ibablllty ts Incurred. Management and admlntstrayon expendlture comprlses all costs bnojrred In runnln9 chartty whlch are all deemed to relate to the charlty's pdndpal acilvlty. Grants offered 5ubJttt to condltlons whlch h)ve nrt been met at the year end date are noted as commltment but not accrued as expendlture. Ch•rlt•bl• acthiltl• Charltable eXper￿lture comprfses those costs In￿rred by tro charlty In the deljvery of Its aLtlvltks and serylces for Its benefidarles. It Indudes both costs that can be albc•ted dlrecuy to such Jctlvltles and those costs of an Indlrett nature necessary to support them, T•x•tlgn The thjblty b exempt from tax on Its dwrftable actlvths. Fund accountlng All funds are unrestrlcted and can be used In actordantt wlth the tharltable objectfves at the ¢Jbscretlon of the trustees for the wrposes lald down In the TnJst Deed. C••h and u•h •4ulv•lents Cash and cash equivalents comprtse cash on hand and call deposlls and are held to meet short term commltments as they fall due rather than investment purposes. They are ￿)dIlY Convertible to a known amount of cash and are subject to an Insfignlllcant rlsk of charoe In value. Flxed a55et investments, other than programme ￿lated In¥e5tments, are Indud&1 at market value at the balan￿ sheet dats. Realised galns and IDsses on Inveknnts are cakukited as the dIfferen￿ between sales proceed5 and thelr market value at the start tsf the year. or thelr subsequent cost. and are charged or tredlted to the Statement ol Flnandal Acttvltles In the perlod of dlsposal. Unrealfsed galns arKI losses represent the movement In market values durfng the year and are edtted or tharged to the Statement of Flnandal knvltfjes based on the ma￿t value at the year end. Pdge 7 contlnued... Th• John VIIHlnm Lamb Ch•rity for the ye•r ended 31 ￿•￿ 2025 ACCOUNTING POLICIES - contlnued F41r value m0••ur•m•rt The best evidence of fair value Is a qurted Pb1ce for an Identical asset In an actlve rna￿et. When quoted prI￿S are unavaltable. the prfce of a recent tr4rwcthJn for an Identkal asset provldes evidence of falr value as long 05 there has r#)t been a signfftant Change In econom1¢ clrcumstsnces or a sBJnfficant lapse of tlme sI￿e the transa¢tth took plKe. If the market att￿e and recent transactlons of an Idenucal Jsset on thelr own are rKJt a go(*J estimate of fair value. the fair ￿lut ts estlmated by uslrwj a Wdluatltsn rechnlque. Grnnts and annultlo• Grants and annulties are poyynents made to thlrd partles In the lurthernrKe of the olarlty's objecuves and are accounted lor when they are pald. INVEsfidJENT INCOME 2025 2024 Income from Investma)ts Interest recel¥Jble 31.736 479 27,892 950 32,215 28,842 RAISIIIG FUNDS 2025 2024 Portfoloo mènagemert 2.904 SUPPORT COSTS MJnJgement Flnan Totals other exper#jI￿re 7,170 2,231 9,401 Support costs, Induded In the atmwe, are as follows: M•Mg•m•rt 2025 Other expendlture 2024 Total attlvltles Insurance Comwter Expense5 Atlmlnlstratlon fees 561 1,008 5.601 534 1,008 4,154 7,170 5,696 Page 8 Th¢ John Wllllam Lamb Charlty for the year •nd•d 31 M•rns for the year ended 31 Marth 2025. Page 10 Th• John IWINiam Larnb Charlty for th• y￿r endod 31 March 2025 2025 2024 INCOME AND IPIDOWMENTS Xnv••lm•nt Incom• Income from Investments Inte￿$t recelvable 31,736 479 27,892 950 32,215 28,842 Totsl lThcomln• r*Mur¢ 32.215 28,842 tXPENDrnIRE Inv••tment man•g•m•nt ¢o•ts Porttollo management 2,904 Ch•rlt•blo •thltle• Vfsltor fees and expenses Vlsltor and volunteer glfts Annultles Grants to Indlvlduals 7.419 200 7.100 630 246 8,300 800 18,390 15,349 support co•ts Manag•ment Insurance Computer Expenses Admlnlstratlon fees 561 534 1,008 4,154 5,601 7,170 5.696 Accountsn Accountsncy - Independent Examlnatlon &ink charyes 1,000 1,128 103 1,000 1,092 102 2,231 2,194 Totrl resoU￿S expended 27.791 26,143 N•t Incom• b•for• g•ln• •nd Io•M• 4,424 2,699 R••llMd recognl•ed galm and lo•• Reallsed galnsllosses on Investments UnrealLsed galn*losses on Investments 113,401) (4.635) Met In¢om•/{•xpendltuv•) 11,509 {15,337) Thls page dots rK)t forni part of the statsrtory finandal siatements Page 11