REGISTERED CHARITY NUMBER: 235252 R•port ofthe Trtle and Finnelal Statsm•nts lor th• Yèar Ended 31Bt ¢embr 2023 The LyndhurntTru Towers + Gcrnall Ltd Chartèred Certified Accountants Rivèr View 96 High Stre8t Garstang Preston Laneashi PR3 1WZ
The Lyndhurst Trust Beneficiary Charltles and donatlons for the Year Ended 31st December 2023 Grant ChTer8¢1$ NE UK De¥¢ription •mount mL88lon England Grant_ Pitson Fèllowship 1,000 1.000 Grant- Dnipro Hcpe Mission 5.000 5,000 Grant- Frnds Int•rnatiM81 2.000 2,000 Grant- 1¢ths Chnthan Feifowshtp 1,000 1,C4JO Grant- Emgrge Advo 2,CMJO Grant- Guilford Baptist Chruch 1,500 1.500 Grant- Latin Link 1,000 1,0 Grant- Starfish Asia 1,500 1,500 Grdnt- Scing Sèèds MinistrièJ 15,OC 15,000 Grtt- Open Door INorth East) 3.000 3.000 Grant- Cty Church Natastla 1,0 1,000 Grant- Gateway Churth 5QJ Grant- Street lQ"ds Direct 8,000 Grant. New Routs6 Foundation 1,(KJD 1,000 Grant- Life Vineyard Church 1.000 1,000 Grant- New Life Chur¢h MthknbNough 3.000 3,000 Grant- St Bamabas kn'nbknrpe 9.OCKJ 9.frjo Grant- St Lukè's Spttsi fongugs 10.5 10,5C 65,000 44.0
The Lyndhurst Trust Reference and Adminlstratlve Detalls for the Year Ended 31st December 2023 TRUSTEES Mrs L J E Goodhew Mr D J Hinton RevDrRCIWard MrsSA Tan Mr M B Hinton PRIMCIPAL ADDRESS PO 80x815 North ShElds Tyne and Wear NE29 1AP REGISTEREO CK4RITY NUMBER 235252 INDEPENDENT EXAMINER Towers + Gomall Ltd Chartered Certified AcUntants Rivar View 96 High Str¢et Garstang Preston Lanc25hir• PR3 1WZ BA14KERS CAF Bank Lld 25 ng9 Hill Avenue West MelliThJ Kant ME194JQ INVESTMENT ADVISORS Maunby Investrnents Management Ltd The Exchang Station Parade H8rrogate North Yorkshlra HG11TJ Page 1
The Lyndhurst Trust Beneflclary Charltles and Donations for the Year Ended 31st December 2023 Grnnt OveT¥ea• mf8$lon UK De•CrIpan amount England Grant- i50n F•llc#nhip 1,OCX) 1,OCQ Gront- Dnipro Hope Mission 5,CQO 5,000 Grant- FrieNls Inl$mational 2,ryJo 2,000 GrAnt- Icthus Christian Fellowship 1,000 Grant- Ernergg Advoca 2,000 Grant- Guilford Bapts"st Chruch 1,5tr) 1,500 Grant- Latin 'nk 1,OlXJ Grant- Starfish Asia 1.5(M) Grant- Sowir@ Sèods Ministn"&s 15.000 15,OC#J Grant- OFen Doof (North East) 3,(XlO 3,000 GrAnt - Cfity Chureh Newcasle 1,000 1,000 Gr4nt- Gateway Church 500 500 Grant. Streèt "dS Direct 6.000 Grant- New Routes Foundation 1,000 1,000 Giant- Life Vineyard Chjrch 1,OOD 1.thjo Grant- New Life Churth Middb*)r0)h Grant- St Bamabas Linthor¢e 9,000 9,0(K) Grant- st Le'S Spttal Tonguès 14,500 6,500 Paoe 13
Th• Lyndhurst Trust Report of the Trustees for the Year Ended 31st December 2023 ACHIEVEMENT AND PERFORMANCE Grants have been made in the year in line with th¥ eharlty's objectives in ts following geographical ar•as". 2023 2022 Overseas MissKJn Mr>rth East England United ngd9rn Totsl 14,600 44,000 6.500 66,000 11,(M)O 44,500 9,500 66,IXIQ Assets ar8 managed by profèssional invesbnent rnanagers. FINANCLAL REVIEW As thé trust h8s substsnbgl SeNeS and very few liabilrb'¢8. Ihè truste8s have not yet set a level of rosw9s which 5houkl be maintained. As at 31 Docember 2023 th• total fvnds, all unrestrrcted, wèie £1,224,141 12022.. £1.277,0161. The oJrrent polic$ on investhent perform8nts and grant making are intended Ih$t ¢urrent reserves are rnaintained. Th• trusttès, inv8Stment policy is to manage the investsnents in such a way, taking csn8 year with an0r, lo generate enough funds from ineA)mè and grovAh to &nable the trustee$ to di$tribLate a sum of up to £100.0(K) each year. The tntste8s have assessed the maior risks to which lh8 charity is exposed, particularfy those lated to the investrnent p¢rtlolio, and are sabsfied that systems are in place to mthgate exposure to the major risky. Thoy havg approved a cont'n9gn¢y p18n to wind up charity if Circumstan aii5e which woukd mthe this a ne$sary step. STRUCTURE, GOVERNANCE AND MANAGEMENT The Lyndhurst Trust is a registered charty and is constrtuted undgt a tharitable tr1 deed dated 11 May 1964. Appointment oftrustees is govemed by the trust ¢J8gd of the charity. The p0Er tr> arwint naw trustees Is vested in the Injstees for the time being. The charity is adfflinisttrr¢d with th& assistsn of a part-time secretary. All of the charity's costs are incurred in fr8s for the management of the charity's inve$lmenl portrolio, accounting and ind8p8ndent èxaminth.on lees and other yovtrm8re expenses. Approved by ord•r of the board of tru8tg9s on...................................... . . aTrJ S3ed on ts behalf by.. Mr M B Hinton- Trustee Page 3
Independent Examiner's Report to the Trustees of The Lyndhurst Trust Independent examitr rgportto th• trust• of The Lyndhurnt Trust I report to the tharty trusiees ¢*n my wrninats.on of the accounts of Th? Lyndhurst Trust Ithe Trust) for the year ended 31st Dember 2023. Reopon6lbllitie8 and basls of rnport As the charty trustees of the Trust you are rèsponsibje for the prep8ralK)n Of the oceounts in accudanee with the requirèmènts ol thè Charitses Act 2011 llhe Acri. I rèport in respect of my examlnatlon of Trusls accounts carried out under secb.on 145 01 the Act and carrying out my examination I have followed all applirabte Directions given by the Charity CorrmKssv)n undof sect 14515llbl ol the Act. Independent exarnlnèrf8 ststèm•nt I have completed my examinal'on. I confirrn that no material rnatters have to rny att8tthn in ¢onnecthW the •xaminat"on giving ma cause to beIve that in any m8tsrial respectr. accounting fe¢ordy were not kept In respect of the Trust as rgquir8d by SeCtn 130 01 the Act., 01 the accounts do not accord with those reGotd5," or the accounts do not compty wrth the applicabk rgquirements concoming the fomi and rontsnt 018ccounts set out in the Chariti85 (Accounts and Rèports} Regulations 2008 other thAn any ¥w4uirement ihat the 8eLounts glve true and fair vitrw whi¢h 1$ not 8 matter considgred as part of an independ•nt •xaminal'on. I have no corKems and have ac¥oss no other mattgr5 in eonnecbon with the examinalton to whieh attention should drawn in Ihls report in or4erto enab a proFer UnderStsl ofthè accounts to be reached. Mr M Gomall The Association of Clwrtered Certified Acctyjntants Tewers + Gornall Ltd Charteiod Cgrtified A¢¢ountsrts River View 96 High Street Garstang Preston LonShir¥ PR3 1WZ Page 4
The Lyndhurst Trust Statement of Flnancial Actlvltles for the Year Ended 31st December 2023 2023 Unreslricts bjnd 2022 Total fvnds Notes INCOME AND ENOOWhlENTS FROM Inveslrnent income EXPENDITURE ON Raising funds 9.498 10.970 Charitable activilio Trustees expenses Grants to institutions 417 65,000 189 85,000 othor Totsl Net gainsllk)ss&sl on investrnerts ,074 OD,039) NET INCOMEIIEXPENDITURE (52,8751 1251.146} RECONCILIATION OF FUNDS Totsl fund$ brought forward 1,277,016 1,528,162 TOTAL FUNDS CARRIED FORWARD 1,224,141 1 277016 Th• rots$ fomi part ¢fth8ge finandal slatements Page 5
The Lyndhurst Trust Balance Sheet 31st December 2023 2023 UnrwJtrithd Jnd 2022 Total nds Not85 FIXED ASSErs Iestrents 1.196,784 1,247,979 CURRENT ASSETS Cash at bank 30,658 32.637 CREDITORS Amounts falling due within ore year 13,3011 13,6001 NET CURRENT ASSETS 27.357 29,037 TOTAL ASSETS LESS CURRENT LIABILITIES 1,224.141 1,277,016 NET ASSETS 1224 141 1277 016 FUNDS Vnrèstri¢tèd funds 1224 141 1 277,016 TOTAL FUNDS 1.224,141 1,277.016 The finan81 5tsternents were approvgd by the Board of Trustees and aulhorisod for issue on . and wor8 signed on behgl by.. Mr M B Hinton- Tru8ts0 The notes lo part gf1$0 ffinanual statements Page 6
The Lyndhurst Trust Notes to the Flnan¢ial Statements for the Year Ended 31st December 2023 ACCOUNTING POLICIES Ba•1$ ol prgparlng tho flnan¢lal 8tstements The finanrial statements ol the eharty, which a wblic Lpnèfit èntity under FRS 102. have pPared In accordance the Charities SORP IFRS 1021 'AccountiTr3 and Reporting by Charibes.. St8tsm$nl of Recommended Practice applicable to Gharitsos preparing their a¢¢ounl$ in accordance wth Finanaal Reportiro Standard applicabla In the UK and Republic ot Ireland IFRS 1021 leffe(aive 1 January 20191,. Financial Reports'ng Stsndard 102 'Thè Financial Reporting Standard applicabb in the UK and Republ of Ireland, and the Charitsès Act 2011. The finanoal 5tsternènts have been prepared under the historical cost convention, th 9xp#On of investments which are Includ al mark8t value, as modified by thè rèvaluab.on ol cErtain awts. Addlllonal InfOrMaon The eh8ffity Is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for d)arities applyiTrJ FRS 102 UpKlate Bulletin 1 not to prepare a Ststement ofcash Flow6. The finanaal statemènts have departed from the Charitiès IAccounts and Reports) Regulsiions 2008 only to the extent requifed to provi(b a tru8 an¢J fair value. The departure has invdved following Ihè SORP for charth.es applying FRS 102 rather than the ver8iM of the SORP whth is referrsd to in the Regulations but whith has sincè been withdravm. The finawial statement8 aré prèpared in sterting, whi¢h 19 the fUtonal curiency of the charfty. Mongtary amounts in Ihese finanual statsrnents ar¢ roundad up to the neare$l £. Th8 accounts ha been prepared urNJ8r historiral ce4t convention. modified to Ind ¢ertain financial instruments at fair v81ue. The F¥inap81 aCcnting polic4e$ 8dopled arg $9t out b81ow. Income All income is rewynised in the Statement of Financial Acti*$ onee thè charity has enli11gmenl to tha fun(Js. it Is probable that the incorne will b? tpcgivprj and the amount Gqn mèasurad rdiably. Exwndlturg Liabilities are rgcognisèd as èxpendrtUTe as soon as thgrs ts a l•gal or constructNe obligation commrtting the arity to that expenditure. it is prob8blÈ that a transfer of econrynic benefits will be required in selU8m8nt and the smount of the obligation can Lw measured reliably. Extendrture is accounted for on an accruals basis and has been classifiéd undèr headings that aggregate all cost related to the category Vtharè costs cannot be directly akn"buted lo particular h•adings they have bew allocatsd to tltIeS on a b8$is ¢onsistent wth the use olrgSOus. The costs of raising funds comprise irNestrnent management cnsts. Costs ol chafitable activibgs in¢ludè grants mad• and govemanco costs. Grants a induded in th8 accounts whan Ihe offer is conveyed t¢ wipient. Govemancè costs ¢omprise all costs assoCted with Mtr"rj consoiutionaf and Statutory requir8m8nts ol the ehanty. Grants offered subject to c£Jndition8 %thich have not teen met at Ihe yè8r end date are noted as a eommth&nt bul not accrued as expendibjre. Ch4rttabl• funds Un51¢1$d funds are available lo use 8t the dkscre'on of Ihe trusts9$ in fUrtrance of their charitablo objectives. Thè charity only has unrestricted funds. Tax•tion The tharty is exempt fvom tax on its Charitab activibès. Fund •¢utIng Unro$lrictsd funds can be used in a¢cVrdanw1th Charitab objectives al the discretion ofthe trustees. Pag• 7 continued...
The Lyndhurst Trust Notes to the Financial Statements - contlnued foi the Year Ended 31st Decefflber 2023 ACCOUNTING POLICIES- continu•d Fund accounting Restricted funds can only b8 used for paTtsculaT restricted purposes wthin the tsbj8cts of the charty. Restiicb'ons arise when srecified by thg donoi orwhen fund5 ara raised for parb'cular restricted purposos. Furth•rxF4anaVon of the natur8 and wre ol each fvnd indud in the not85 to th• finanoal ststements. INVESTMENT INCOME 2023 2022 FixeA asset investrnent ino)me Interest recEivable 28.828 69 26.875 77 28,895 RAISING FUNDS Inveslment manayrn•nt eo 2023 2022 Invastsnant managèmnt f8es 10.970 TRUSTEES. REIILINERATION AND BENEFITS Onè of thè trustees Is an Assoc4ate Vicar, their church received a grant of £9,000 12022.. £3,OWI. No other trustee has recgive(18ny rernunerab.on or benefits from the charty during the year. Tru$t••s' •xP*nl Three ol the trustees wore r¥imbu¥d a total of £417 expenses in respect of the truslee8' megbng otKI th& AGII 12022". two trustees wetE reimbursed £1891. COMPARATIVES FOR THE STATEME14T OF HNANCIAL ACTIVITIES Vnr85trict•d fund INCOME AND EHDOWMENTS FROM Invesbnent income 28.952 EXPENDITURE ON Raising fvnds 10.970 Charitabl• aethiltl Ttustees exppns88 Grants to ititUtI$ 189 65.000 Olhgr 1.900 Total gainsllloss&sl on inv¢sbmènts NET INCOMEIIEXPENDITURE) 1251,1461 RECONCILIATION OF FUNDS Total fvThYs brought lo8[ 1,526,162 Pa9e 8 CCtinLd...
The Lyndhurst Trust Noles to the Financlal Ststements- contlnued for the Year Ended 31st December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontlnued Unieslri¢tsd nd TOTAL FUNDS CARRIED FORWARD 1,277,016 FIXED ASSET INVESTMENTS Fixed asset invesknènts aré a fomi of basic finanaal inslrurnt. a initially measured at transactional value and ats $ubsequendy measure¢l at faw value at each reporting date. Changes in the fair value a recognised in nel in¢omelexpendNure lor the year. All gains and losses are taken to lh& Statement of Financial A¢timt$ 8$ they arise. Realised gains and los$85 on investments ar• calculated as the difren belwéen sèlè proceeds and their rfjening carrying value if acquired subsequent to the first day of the fin¢bal year_ Unrealiwl gains and losses are calculated as lh8 diffèren beeen the fair value at thè year end anrl their carryin9 value. Realised and unreali6ed investment gains and lo$$e$ ara continued in the Staterngnt of Finala1 Actiwti8S. The main foryn of finanaBI risk f*8d by th8 charity is thal ol vol8ti1ity in equty markets due lo wd$r ¢concffiie conditions, the attitude of investors to investsnent risk and ¢hanoes in $gtUgmont concemiryj equities within partscular s8Ctors or sub secth. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors 3.301 MOVEMENT IN FUNDS Nat movernenl in fvnds At 31112123 At 111123 Unre•trlcted funds General lund 1,277,016 152,8751 1.224,141 TOTAL FUNDS 1277,016 52 8751 1224 141 Nel movement in fiJntJs, included in the above ar9 as follows.. Incoming resour¢&s Resou85 expended Gains MovÈmÈnt in f(J$ Unr•8trlet8d funds General fvnd 28,895 17e,6%1 15,0741 152,875} TOTAL FUNDS 28,895 52,87SI Page 9 continued...
The Lyndhurst Trust Notes to the Flnanclal Statements - contlnued for the Year Ended 31st December 2023 MOVEMENT IN FUNDS- contlnued Comparntlvgj for mov•m•nt In funds Net movement In funds At 31112122 At 111r22 Unrg¥tri¢tgd fund# General frjnd 1.528,162 1251.1461 1,277,016 TOTAL FUNDS 1.528.162 251.1461 1 277 016 Compar814ve net movernenl in fijnds. includod in the ¥bove are as follows.. Inujming resourc4s R&sourc8s xFndèd Gains and losses Movsment in fvnds Unr•¥trkt•d lunds General fvnd 26,952 178,0591 1200,0391 1251,1461 TOTAL FUNDS 78 059) 200 039) 2511461 A ¢urrent yeor 12 mcrths aThJ PT*)r year 12 months combiwj posibcffl is as follows.. movement in fijnds At 31112r23 Al 111122 Unrestrleted fundg General fvnd 1,528,162 1304.0211 1,224,141 TOTAL FUNOS 1.224.141 A current year 12 months and pricw year 12 months Gornbined n•t rnovement in fiJThls, indud8d in atx)v8 are as follows: Incoming resour¢os ResourrAs expended Gains 8r¥J losses MoNement in fvnd unOtrICt lund$ G&naral lund 55,847 1154,755) 1205,1131 1304.021) TOTAL FUNDS 55.847 1154 755 1205.1131 Pw10
The Lyndhurst Trust Notes to the Financial Statements - contlnued for the Year Ended 31st DeGember 2023 RELATED PARTY DISCLOSURES Related party transactions 8r& explained in full within notè 4 to the account& Page 11
The LyndhurstTrust Detailed Statement of Flnanclal Actlvltles for the Year Ermled 31st December 2023 2Q23 2022 INCOME AND ENDOWMENTS Imig¥trnent Income Fixed asset investment ino)rne Interest rec6wabl• 28,828 69 26,875 77 28,895 Totsl incoming r0Ur¢•¥ 28,895 26.952 EXPENDITURE Iwe8tsnent managemgnt co¥¢¥ Investm•nt manrnent fees 9,498 10,970 Charftable actlvhles Grants to in5ti1utions 65,OCMJ 65.0 Support eosts Flnanc• Bank charges 81 Governance c06ts Trustees, expenses Administratron expenses Accountancy and legal fees 417 720 1.000 870 2,137 Total resources expend 78.059 Net expendlture beforo galns and 10¥s•8 147,8D11 151,1071 R•alis•d r8eow5sèd galns and I8•8 Realised gainslllosses) on fix8d ass8t investsnents 5.0741 1200 0391 Net 8xpondiiuf8 12511461 This p@ does not fom part ofthe statutory fin8n¢i4 gtst&m&nts 12
Vlrtual Cabinet Portal Dlgltal Slgnatur98 Dlgltal Slgnature Verlflcatlon You can verify that this Is A genuinè Virtual Cabln81 D0ment Portal slgned dentbY uplooding it to the fouowirg Sec4 w¥b py: htW'.IlwM.7lrtUIn0ty)81.cmvVerffyS9n&loCrnOnt Slgnatur• Dates and Tlmas All dates an¢E timo9 shtyvn in svJnatures below are exprasgod In C¢>ydinatgJ Unr¥otsal fimg IUTCI, which is genernlty *4uivalènt to GMT. You can fiThJ out more about UTC al thg bElry•ft Yts page.. ¢+..1h¥.akth1.Jrn$IISuTc Slgnatuye 1 Signgd by Mithael Bery1n Hinlon 8Uth•nticalion ¢>xl? dFZkbktlZLt51KMfN at IP address .89.60.148. 2024110106 19.'22'.49 Z, Mkhael lamin Hinton's e4rdl addrnss is.. bonhinton intsm•l.fr.