THE EDWINA MOUNTBAThEN & LEONORA CHILDREN'S FOUNDATION
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
CHARITY NO. 228166
Osaffery

THE EDWINA MOUNTBAThEN & LEONORA CHILDREN'S FOUNDATION
CONTENT5
Page
Legal and administrative information
Report of the Trustees
Independent Auditors, report to the Trustees
Statement of financial activities
io
Balance sheet
li
Note5 to the financial statements
12-18

THE EDWINA MOUNTBATTEN & LEONORA CHILDREN'S FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
The Rt.Hon. The Counte55 Mountbatten of Burma (Chairman)
Lady Mary Fagan DCVO JP
The Lady Alexandra Knatchbull
Peter Mirnprlss Esq CVO
Mr Myrddln Rees FRCS DL
Hon. Secretary
Richard Jordan-Baker
Princlpal office
The Estate Office
Broadlands
Romsey
Hampshire
50519ZE
Auditors
Saffery LLP
Midland House
2 Poole Road
Bournemouth
Dorset
BH2 5QY
Bankers
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Investment Advisors
Cazenove Capital Management Limited
12 Moorgate
London
EC2R 6DA

THE EDWINA MOUNTBAThEN & LEONORA CHILDREN'S FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2023
The trustees present their report along with the financial statements of the charity for the year ended 31
December 2023.
Structure, Eovern?nce and management
The Edwina Mountbatten & Leonora Children's Foundation is an unincorporated trust, constituted under a trust
deed dated 9th September 1960, and is a registered charity, number 228166.
Objectives and activities
The Charity Commission approved the merger of The Edwina Mountbatten Trust and The Leonora Children's
Cancer Fund, and the hdoplion of the working title of The Edwina Mountbatten and Leonora Children's
Foundation in 2009. A formal change of name took place to adopt the working title as the name of the Charity in
February 2014.
The Edwina Mountbatten Trust Was set up as a permanent memorial to Edwina, Countess Mountbatten of Burma,
and had as its objectives the furtherance of causes for which she worked.
The Leonora Children's Cancer Fund was established to perpetuate the memory of Leonora Knatchbull, the great
granddaughter of Edwina, who died of cancer as a child, and had as its objectives the improvement of treatment
for child canter and the care of children with cancer.
The merger took place on the I, january 2010, and incorporates the original objectives and activities of both
charities, these being the relief of sick, distressed or needy children in any part of the world, the promotion of the
art and practice of nursing, the 5UPPOrt of nurses caring for children suffering from cancer, the furtherance of
primary research into cause of Paediatric cancer, and also the support of such other charitable purpose5 as the
Trustees shall from time to time decide.
The trustees shall hold both capital and income of the Charity to apply the same for such exclusively charitable
purposes according to the law of England as the Trustees shall in their absolute discretion think fit.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's 8eneral
guidance on public benefit when reviewing the Fund's aims and objectives and in planning future activities.
Trustees
The trusteeswho have Se￿ed during the yearand since the yearend are set outon Page l. Trustees are appointed
by the Board of Trustees. There must be at least two trustees but there is no limit to the number of new or
additional trustee5 who may be appointed. The trustees meet annually to review applications, approve grants
and review investment performance. The day to day administration of the grants and the processing and handling
of applications prior lo consideration by the trustees is delegated to the Trust Secretary.
Induction procedure5 are in place for any newly appointed trustee and include an information pack comprising
brief history of the Trust, copy Board minutes, the last three years, of annual reports and accounts, a copy of the
governing trust deed and a copy of the Charity Commission's guidance "The Essential Tru5tee'. What you need to
knorf.
Achievements and performance
An analysi5 of total Èxpenditure can be found in note 4 to the Financial Statements. Note 5 gives a brief summary
of how each grant supports the objective5 of the Trust.

THE EDWINA MOuNTBA￿EN & LEONORA CHILDREN'S FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)
Monltorlng achievement
Organisations are required to submit a report about their project or work which has been funded by the
Foundation. This is to ensure that the Foundation is achieving it's objectives as Set out on page 2, that the charities
to which it provides grants are appropriate, that those charitie5 are achieving their objective and that there is
POSltive help to beneficiaries. The reports are reviewed at the annual Trustees Meeting.
Rlsk management
The trustees have examined the major strategic, business and operational risks which the charity faces and
confirm that systems are established to enable regular review so that any necessary step5 can be taken to lessen
these risks. The Charity generates most income from investing its cash balances so the Trustees consider the loss
of investment income to be a financial risk. This risk is increased due to the impact of the cost of living crisis on
the stock market. The risk is mitigated by retaining expert investment managers, having a dlversified investment
portfolio and regularly reviewing that portfolio.
Grant making policies
The charity receives applications from a wide range of charitable bodies In the field of healthcare and nurslng-
many of these charitie5' activities are outside the guideline5 Stated above.
Grants are usually made to UK based charitie5, (although their work can be worldwidel to ensure proper
monitoring.
Details of the grants made in the year are detailed in note 5.
Details of how to apply for grants can be obtained from the Trust Secretary.
Financial review
Incoming resources totalled £164,878 12022.. £103,810) and resources expended on charitable actlvities
amounted to £253,23312022.' £227,372) resulting in net outgoing resourtes of £88,35512022.. E123,5621. Grants
to charitable organisation5 amounted to £214,00012022.. £190,545). At the year end the general fund balance
amounted to £6,837.20912022= £6,663,452) and the restricted fund balance amounted to £15,78412022.' £nlll.
Investment income this year was higher than last year, showing improvement despite the impart of the global
economy on investment returns.
This year has seen a small increase in the value of investments, though they remain lower than the previous few
years. Last year saw a significant decrease in the value of Investments, due to global economic uncertainties.
The trustee5 continue to be advised by Cazenove Capital Management Limited. Further investments will be made
on the advice of Cazenove.
The chariws investments consist mainly of charity income and growth units and future charitable expenditure is
expected to match income.
Reserves Poliry
The trustees aim to spend the income received from the investment portfolio within the year of receipt and
therefore does not hold any free reserves on top of the investment portfolio. At the year end the funds held by
Cazenove Capital Management Limited totalled £6,810,75812022.. £6,658,8021. Any rese￿e5 in excess of the
investment portfolio are due to be used to satisfy the objects in the following year.

THE EDWINA MOUNTBAThEN & LEONORA CHILDREN'S FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED IIST DECEMBER 2023 {continued)
Fundraising
The Edwina Mountbatten and Leonora Children's Foundation does not engage in fundraising with the general
public. It explicitly does not undertake any fundraising campaigns via email or direct mail and does not engage in
cold-calling. As a registered charity, it can accept donations from those wishing to support it5 work, but it does
not actively seek them. Any offers of financial support for the Trust's work are initiated by the donor and the Trust
will not share information about donors or potential donois and never put anyone under pressure to donate
funds.
Statement of trustees, responsibilitie5 for the annual financial statements
The trustees are responsible for preparing the trustees. report and the financial Statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice), including Financial Reporting Standard 102 IFRS 1021.
The law opplicable to charities in England & Wales requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming resoLtrces
and application of resources of the charity for that period. In preparing these financial statements, the trustees
are required to..
select suitable accounting policies and then apply them con5iStentlv,'
observe the rnethods and principle5 in the Charities SORP..
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures
disc105ed and explained in the financial statements- and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial p051tion of the charity and enable them to ensure that the financial statements comply with
the Charities Act 2011. They are also responsible for safeguarding the assets of the tharity and hence for taking
reasonable Steps for the prevention and detettion of fraud and other irregularities.
Investment policy
The policy of the trustees is to invest to provide a consistent stream of income from a portfolio of unit trusts
designed to protert the funds from the long term effect5 of inflation.
In accordance with the Trusvs accounting policies. investments are stated at market value at the balance sheet
date. The investment advisers confirm there has been no material permanent diminution in the value of the
Tru5t'5 investments.
Key management personnel remuneration
The trustees consider the bo3rd of trustees and the Honourable Secretary as comprising the key management
personnel of the charity in charge of directing and controlling the charity and running and operating the charity
on a day to day basis. All trustees give of their time freely and no trustee remuneration was paid in the year.
Details of trustee expenses and related party transactions are disc105ed within notes 4 and 10 to the accounts.

THE EDWINA MOUNTBATTEN & LEONORA CHILDREN'S FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)
Auditors
A resolution to re-appointment Saffery LLP as auditors will be proposed at the forthcoming Trustees, Meeting.
On behalf <rf the board of trustees
THE RT.HON. THE C
Trustee
NTESS
TBATT
OF BURMA
18 April 2024

THE EDWINA MOUNTBArrEN & LEONORA CHILDREN'S FOUNDATION
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEE5
Oplnlon
We have audited the financial statement5 of The Edwina Mountbatten and Leonora's Children Foundation for the
year ended 31 December 2023 which comprise The Statement of Financial Activities, Balance Sheet and notes to
the financial statements, including significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102. the Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial 5tatements'.
give a true and fair view of the state of the charitvs affairs as at 31 December 2023 and of its incoming
resources and application of resources for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice- and
have been prepared in accordance with the requirements of the Chorities Act 2011.
Bas15 for opinion
We conducted our audit in accordance with International Standards on Audlting IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirement5 that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is Sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditifig the financial statements, we have concluded that the tru5tees' use of the going concern basi5 of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to ever)ts or
condition5 that, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included
in the annu31 report, other than the financial statements and our auditorf5 report thereon. Our opinion on the
financial statements does not cover the other information and, except to the extent otherwise explicitly stated in
our report, we do not express any form of assurance conclusion thereon.

THE EDWINA MOUNTBArrEN & LEONORA CHILDREN'S FOUNDATION
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES (continued)
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent wlth the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to detemilne whether this gives rise to a material misstatement in the financlal
statements themselves. If, based on the work we have performed, we conclude that there is a material
mi55tatement of this other information: we are required to report that fact.
We have nothinE to report in this regard.
Matter5 on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Report51 Regulations 2008 require us to report to you if, in our opinion:
the information given in the Trustees, Annual Report is inconsistent in any material respect with the
financial statements- or
the charity has not kept sufficient accounting record5,' or
the financial statements are not in agreement with the accounting records and returns- or
we have not received all the information and explanations we require for our audit.
Responsibilltles of trustees
As explained more fijlly in the Trustees, Responsibilities Statement set out on page 4, the trustees are responsible
for the preparation of the financial statements and for being Satisfied that they give a true and fair view, and for
such internal control as the trustees determine is necessary to enable the preparation of financial statements
that are free from material misstatement, whether due to fraud or error.
In preparing the financial statemellts, the trustees are responsible for assessing the charity5 ability to continue
as a going concern, disclosing, as applicable. matters related to going concern and using the going concern bas15
of accounting unle55 the trustees either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Auditors, responsibllltles for the audit of the financial statements
We have been appointed as auditors under the Charitie5 Act 2011 and report in accordance with regulations
made under that Act.
Our objective5 are to obtain reasonable assurante about whethÈr the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conijucted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.

THE EDWINA MOUNTBAThEN & LEONORA CHILDREN'S FOUNDATION
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES (continued)
Irregularitie5, including fraud, are instances of non-compliance with laws ènd regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The specif1c procedures for this engagement and the extent to which these are capable of
detecting irregularities. includlng fraud are detailed below.
Identifying and assessing risks related to irre8ularities=
We assessed the suxeptibility of the charitvs financial statements to material misstatement and howfraud might
occur, Including through discussions with the trustees and other persons charged with governance, discussions
within our audit team planning meeting, updating our record of internal controls and ensuring these controls
operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the
financial statements. We identified laws and regulations that are of significance in the context of the charity by
discussion5 Wlth trustees and updating our understanding of the sector in which the charity operates.
Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the
Charities (Accounts and Reports) Regulation5 2008 and guidance issued by the Charity Commission for England
and Wales.
Audit response to risks identified..
We considered the extent of compliance with these laws and regulations as part of our audit procedures on the
related financial statement items including a review of financi315tatement disclosures. We obtained confirmation
there were no breaches of laws and regulations. We reviewed the Charity's minutes of meetings and decisions,
and correspondence with relevant authoritie5 to identify potential material misstatements arising.
During the planning meeting with the audit team, the engagement partner drew attention to the key areas which
might involve non-compliance with laws and regulations or fraud. We enquired of management whether they
were aware of any instances of non-compliance with law5 and regulations or knowledge of any actual, suspected
or alleEed fraud. We addressed the risk of fraud through management override of controls by testing the
appropriateness of journal entries and establishinE there were no significant transactions that were unusual or
outside the normal course of busine55. We established that there are no accounting estimates requiring the use
of judgements that could involve management bias. At the completion stage of the audit, the engagement
partnels review included ensuring that the team had approached their work with appropriate professional
sceptlC15m and thus the capacity to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial statements, the less likely
we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than
the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example,
forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities 15 available on the Financial Reporting Council's website at-
www.lrc.or
.uk
auditorsres
onsibilitie5. Thi5 description forms part of our auditor's report.

THE EDWINA MOUNTBArrEN & LEONORA CHILDREN'S FOUNDATION
INDEPENDENT AUDITORS, REPORTTO THETRUSTEES (continued)
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Attounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the trustees those
matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as
a body. for our audit work, for thi5 report, or for the opinions we have formed.
Saffery LLP
Chartered Accountants
Statutory Auditors
18 April 2024
Midland House
2 Poole Road
Bournemouth
Dorset
BH2 5QY
Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

THE EDWINA MOUNTBATTEN & LEONORA CHILDREN'S FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 310ECEMBER 2023
Unrestrirted
funds
Restrlrted
funds
Total
2023
Total
2022
Note
Income.,
Donations arbd legacie5
Investment income
2,227
146,867
15,784
18,011
146,867
3,924
99,886
Total income
149,094
15,784
164.878
103,810
Expenditure:
Charitable activities
253,233
253,233
227,372
Totsl expenditure
253,233
253,233
227,372
Net expenditure and net movement
in funds before gains and losses on
investments
Net gains on investment assets
1104,1391
15,784
188,355
1123,5621
277,896
277,896
1554,2931
Net movement In funds
173,757
15,784
189,541
1677,8551
7,341,307
Total funds brought forward
6,663,452
6,663,452
Total funds carried forward
6,837,209
15,784
6,852,993
6,663,452
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 18 form part of these financial statements.
io

THE EDWINA MOUNTBATTEN & LEONORA CHILDREN'S FOUNDATION
BALANCE SHEET AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Investments
6,655,989
6,405,951
Current assets
Cash at bank
Cash held by investment managers
Debtors
27,296
154,769
30,537
19,300
252,851
212,602
272,151
Liabilities
Creditors- amounts falling due within one year
15,598
14,650
Net current assets
197,(XJ4
257.501
Net assets
6,852,993
6,663,452
Thefunds ofthe charity:
Restricted funds
15,784
Unrestricted funds..
General fund
6,837.209
6,663,452
Total funds
6,852,993
6,663.452
The notes on pages 12 to 18 form part of these financial statements.
These financial statements were approved by the Board of Trustees on and signed on its behalf by:
ThE RT.HON. THE COUNTESS MOUNTB
Trustee
N OF BURMA
18 April 2024
li

THE EDWINA MOUNTBATfEN & LEONORA CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 310ECEMBER 2023
Accounting policies
Basls of preparation
The financial statement5 have been prepared under the historic cost convention. The accounts (financial
statements) have been prepared in accordance with the Statement of Recommended Practice..
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Act 2011 and UK Generally Accepted Practice as it applies from l January 2015.
The accounts Ifinancial statements) have been p￿ pared to give a 'true and fair, view and have departed
from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair view,. This departure has involved following Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 issued on 16 july 2014 rather than the Accounting and Reporting by Charities: Statement
of Recommended Practice effective from l April 2005 which has since been withdrawn.
The Edwina Mountbatten & Leonora Children's Foundation constitutes a public benefit entity as defined
by FRSIO2.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a
going concern.
Golng concern
Having reviewed the level of unrestricted reseNes together with investment values and current cash
balances, the Trustees have a reasonable expectation that the Trust has adequate resources to continue
its activitie5 for the foreseeable future. The recent economic climate has had an impact on the charity's
investment intome although, as a grant making charity with few on-going commitmer)ts, thi5 will impact
on the new grants that can be made in the short term rather than affecting the charit¢s ability to continue
as a going concern. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.
Preparation of a cash flow statement
The charity has taken the exemption provided in Update Bulletin l updating Statement of Recommended
Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 allowing small charities not to
prepare a cash flow statement.
Fund accounting
The charity has a single unrestricted general fund which the trustees are free to use for any purpose in
furtherance of the charitable objeds.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which
is restricted to that area or purpose. The charity has a single restricted fund which is to be used in support
of a mentoring program for blind children to provide guidance, support mental wellbeing, and confident
social integratlDn towards associated administrative fees.
12

THE EDWINA MOUNTBAThEN & LEONORA CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured ￿lIablY.
Donations, are recognised when the Trust ha5 been notified in writing of both the amount and settlement
date. In the case of unsolicited donations this is usually only when they are received.
Legacy gifts are recognised on a case by case basis following the granting of probate when the
administratorl executor for the estate has communicated in writing both the amount and settlement
date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a
recognised stock exchange, recognition is subject to the value of the gift being reliable measurable with
a degree of reasonable accuracy and the title to the asset has been transferred to the charity.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank.
Dividends are recognised once the dividend has been declared and notification has been received of the
dividend due. This is normally upon notification by our investment advisor of the dividend yield of the
investment portfollo. All other income is accounted for under the accruals concept. Gifts in kind are
valued at their estimated value to the charity-
Expendlture
Liabilities are recognlsed as resources expended as soon as there is a legal or constructive obligation
committing the charity to the expenditure. All expenses are accounted for on an accruals basis.
Expenditure incurred in connection with the specific objects of the charity is intluded under the heading
direct charitable expenditure. The irrecovefable element of VAT 15 included with the item of expense to
which it relates.
Support costs represent expenditure incurred in the general running of the charity,. these costs are fully
attributable to charitable activitie5.
Grants payable are charged in the year when the offer is conveyed to the recipient except in those ca5e5
where the offer is conditional, such grants being recognised as expenditure when the conditions attaching
are fulfilled.
Fixed asset investments
Fixed asset investments are stated at market value at the balance sheet date. Gains and losse5 on
investment5 both realised and unrealised are included in the statement of financial activities. Realised
gains or losses are calculated as the difference between market value at the date of disposal and market
value at the previous balance sheet date lor date of acquisition if later). Unrealised gains or losses are
calculated as the difference between the market valve at the balance sheet date and the market value at
the previous balance sheet date lor date of acquisition if later).
13

THE EOWINA MOUNTBAThEN & LEONORA CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2023
Accounting policies Icontinuedl
Cash at bank and in hand
Cash at bank and tash in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the date of acqvisltion or openirbg of the deposit or similar account.
Credltor5
Creditors are recognised where the Trust has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can
be measured or estimated reliably. Creditors are normally recognised at their settlement amount after
allowing for any trade discounts due.
Financial instruments
The Trust only has financial a55ets and financial liabilitie5 of a kind that qualify as basic financial
instrument5. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.
Critical estimate and judgement5 and key sources of estimation uncertalnty
In the application of the Charit(s accounting policies, the trustees are required to make judgements,
estimate5 and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates are recognised in the period in which the estimate is revised
where the revision affects only that period, or in the period of the revision and future period5 where the
revision effects both current and future periods.
There are no critical estimates, judgements or key sources of estimation Ltncertainty in 2022 or 2023.
14

THE EDWINA MOUNTBATfEN & LEONORA CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donation5 and legacies
Unrestricted
funds
Re5trirted
funds
Total
2023
Tolal
2022
Donations
2,227
15,784
18,011
3,924
Investment income
2023
2022
Dividends receivable
Interest receivable
131,199
15,668
98,194
1,692
146,867
99,886
Charitable activities
Note
2023
2022
Grants
214.000
190,545
Support costs
Office costs
Audit fee
Investment Management Fee
6,300
4,848
28,085
39,233
3,150
29,231
36,827
Total charitable activities
253,233
227,372
The charity has no employees. However, a charge for administration costs is made by one of the trustees
(see note 101. Trustees received no remuneration12022= Enill and were not reimbursed for any of their
expenses12022: £nill except as disclosed in note 10.
15

THE EDWINA MOUNTBATTEN & LEONORA CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of total resources expended
2023
2022
Reg Charity No. 1149758
Ark Cancer Charity
To upgrade the chemotherapy unit at
Basingstoke Hospital
10,000
Reg Charity No. 1167073
The Borne Foundation
To support research into prevention of
premature births
30,000
20,000
Reg Charlty No.1067238
Brecknock Hosplce
To support home based care
30,000
40,000
Reg Charity No. 115th)54
The Braln Tumour Charity
To support research into children's
medulloblastoma
iO,OOD
Reg Charity No. 220949
British Red Cr055 Ukraine Qisls
Appeal
To provide humanitarian aid to those
affected by the war in Ukraine
10,000
Reg Charlty No. 1123304
Countess Mountbatten Hospice
Charity Ltd
To support provision of medlcal care for
patients
General funds to eye cancer project
io,cK)o
Glft of Sight
io,ocxJ
14,045
Reg Charity No. 275637
Inter¢are- Aid for Africa
To support sendlng medical aid to Africa
5,CKJO
5,000
Reg Charity No. 1158697
Legs4Africa
Funds to save prosthetic legs from
landfill support amputees in Africa
5,000
Reg Charity No. 1140471
LOOK
To support young visually impaired
people
60,OCMJ
70,000
Reg Charity No. 1139527
St John Jerusalem Eye Hospital
Donation to general funds
44,000
31,500
214,000
190.545
16

THE EOWINA MOUNTBATTEN & LEONORA CHILDREN'S FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Reconciliation of grants payable
2023
2022
Grants unpaid at 1st January 2023
Grants made in year
Grants paid in year
Grants cancelled in year
Grants unpaid at 31st December 2023
214,000
1214,0001
190,545
1190,5451
Fixed assets UK listed investment5
2023
2022
Market value at 1st January 2023
Additions to investments at cost
Sale proceeds
Profit on disposal
Net gain on revaluation
Market value at 31st December 2023
6,405,951
1,165,536
(1,193,394)
133,287
7,207,816
1,734,160
11.981,7321
383,702
1937,9951
6,405,951
144,609
6.655,989
Historic cost
Net unrealised gains on investments included above
5,517,002
1,138,987
6,655,989
5,411,573
994,378
6,405,951
Debtors
2023
2022
Accrued income
30,537
30,537
Credltors: amounts falling due within one year
2023
2022
Accruals
15,598
15,598
14,650
14,650
17

THE EDWINA MOUNTBATfEN & LEONORA CHILDREN'S FOUNDATION
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
io
Connected parties
£4,50012022.. £4,200) including VAT, of the administration costs are provided at tost by an administration
office controlled by one of the trustees, The Rt.Hon. The Countess Mountbatten of Burma, The trustees
consider the charge to be c05t effective and less expensive than other altef natives. At the balance sheet
date, £4,5(K)12022: £4,2001 was owed to a connected party controlled by one of the trustees, The Rt.Hon.
The CoLtntess MDuntbatten of Burma.
li
Analysis of net assets between funds
Unrestrirted
funds
Restricted
funds
Totsl
2023
Tangible fixed assets
Current assets
Current lièbilitie5
6,655,989
196,818
15,598
6,837,209
6,655,989
212,602
15,598
6,852,993
15,784
15,784
18