REGISTERED CHARITY NUMBER: 235252 Report of the Trusteos and FlnanGlal StOt8ments for the Yoar Ended 31st Decem￿1 2024 The Lyndhurnt Trust Towers + Gornall Ltd Chartered Certlfied Accountants Riv8r View 96 Hlgh StrÉet Garslang Preston Lancashlre PR3 1WZ Tho Lyndhurst Trust Contsnts of the Flnanclal Slatements for the Yoar Ended 31st Docembor 2024 Refor•n￿ and Admln18tratlve D•ta118 Report of tho Tru8le88 2 to 3 Inde￿ndent Examln•r's R•port Slat•m•nt of Flnanclal Acllvltl•8 Balanc• Sh••t Not￿ to th• Flnanclal Statements 7 to 11 D•tallod Statsmgnt of Financial Aclivitles 12 The Lyndhurst Trust Roference and Admlnlstratlve Detai18 for the Year Ended 31st December 2024 TRUSTEES Mrs L J E Goodhew Mr D J Hinton RevDrRCIWard MrsSA Tan Mr M B Hinlon PRINCIPAL ADDRESS PO Box 876 Preston PR3 9EA REGISTERED CHARITY NUMBER 235252 INDEPEMDENT EXAMINER Towers + ¢>)mall Lld Chartered Certiried A¢¢ountants River Vl 96 Hlgh Street Garslang Preston Lancashlra PR3 1WZ BANKERS CAF Bank Ltd 25 Klng8 Hlll Avenue West Meuir Kent ME19 4JQ INVESTMENT ADVISORS Maunby Investments Management Lld The Exchange statlon Parado Hamgate North yo￿$hire HG11TJ Page 1 The Lyndhurst Trust Report of the Trustees for the Year Ended 31st December 2024 The tnth8 present thelr r8POrt vAth th8 finandal 5tat8m8nts olthg chaity fortho year end9d 31 st December 2024. The trustees have adopted the provlslon8 of Accountlrg and Reportrng ty Ch8rlttes.' Statement of Re(x)mmended Practice applicable to charftl8s preparing their accounts In accordan￿ wlth the Flnandal Reporting Stsndard appllcabl8 In th& UK ar￿ Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Thg object Is to apply the capltal and Income ol the Invesbnents held for tho promotion or advancement of the Christian religion in any part of thg worfd. In such manner as the trustees from lime to Ume at their discretion detsmiine. The trustees may appty such capital and income to gwants kir all or any of the following putposes: Th8 malnlenance or supwrt of any body or Snst6tutlon havlng exdusively chaitlabla objectiV8S tonnacted lo the wopagation of the gospel or the promtion of Ihe Chrislian relgion. The distribution of Bibles and other Christlan works. The establl8hm8nt. maSntenance or support of Chrlsttan mlsslons wh&thor In the Unlted Klngdom or abroad. The provision of clergy or the augrnentation of the Stipends of the clergy of any Chri8tian denomination. The provlslon or malntenarte of church8s or chap91s of any Chrislian denomination or of twildwy anclllary to and used kn connectlon wlth such chuKhes or chapels. The trustees have sought opportunltl8s for Ihe Promotion and advancement of the ChrisU8n ￿lIgIon In any part of th& worfd, In acco￿anCe with trust déed. trustees have continued to support opportunilig8 to promole and advance the $preadlng of th8 Christian rdigion In any part oftheworfd. The pollcy has b88n contlnued of regularfy supportin9 ¢harftigs that are promotlng awarenpss of the Chrfsuan gospel thoso areas of the wort(S whére pèople are prevented fn)rn hearing it through the nomial channèls of communlcallon. Agerths operating In dlfflcult clrcumstances ere glven 8pectal con81d8ratlon. The truslees have contlnued th8lr polky of maklrwj funds avaaab18 to the disadvantsged in the Unlted Klngdom. In addition. the trustees havè given special consideration to charities involved in supporting mernber5 of persecuted churches around th8 world. Churches in the North East of England fwe be8n given continu8d supp￿1 duo to th8 particular ￿edS of the communibes where they are operstlng. Support has b88n carried oul wlth funds allocated on an ￿Ual basis. Support Is withdrawn where the Inf0m￿lIon supplied to Ihe Irustees falls short of glving ￿den￿￿ of the work being carried oul. Addibonal supwrt Is g5ven where there Is the pr08pect of su5talned growth and developmerrt. The trustee6 b&llevo that by BUPPOrtlng organisalions a Chrlsllan etho& Iho Trust provtdes a benefil to Ihe public by: Providing facilities for worshlp. p88tor81 care and spiiitU81. mor818nd irtelleclual developrnent fur any(Th who wishes to benefit from what tha Chri8tian faith offers. Promotlng Chrfstlan v81ues and service lo Ihe benefft of indivl¢Juals arKI society as a whole. The tswstees have pald due regard to guidance, Includlng that on publlc benefft, Issued by Charity Comrni8¥ion in decidiryj ￿al aclivities charlty should und8rtake. The trwlees, In thg ¢ourse of the year. r8¢eFve Innumerabl& requ8sts for the con5ideratio)n vf fvnrfiny. It 1$ not posslble to rn8Pt)rKI to 811 the88 ￿qUeSts. con&ld8ration b glvèn on mariL There have been no slgnlltcant policy chaNJes other than mentlorN8d In th8 above. P8ge 2 The Lyndhurst Trust Report ol thè Trustoes for the Year Ended 31st December 2024 ACHIEVEMENT AND PERFORMANCE Grdnts have baen made in thg year In Ilne the charws obiecbves in the following geographical ar&qs: 2024 2023 Overseas Ml$$lon North E8St England Unrted Klngdom Tolal 14.1)00 37,250 8.750 ao,000 14,500 44.000 6.500 63.000 A breakdowm of grants given can be found on pag? 4 of Ihe accounts. AsEets are managed by profe56ional invgstThpnt managers. FINANCIAL REVIEW As the trnst h8s 8ubst8ntial resèN8s and vèry f8w IlabllUe8, the tntstees have not yet set a level of reserv8s vthSch should be malntalned. As al 31 December 2024 the total funds, all unrestrlcte(l. were £1.217,724 {2023: £1.224.141). The ¢went pdicie8 on investment perfomian¢e and grant maklng are intended that ￿rrent reserves are maintsin8d. The trustees, Investment policy18 to manage the Inv8strn8nts In such a vtay. t8klng ona year wlth another, to generale enough funds from income and growih to enable Ihe trustees to dlslAbut8 a sum of up to £100,000 each year. The tfustees have assessed the major rfsks to wtmch thg charity is expos￿. parttcularfy those relatsd to the investment portfolio. and are satisfied that systems are in place to mitig8te exposure to the major risks. They have approved a contlng8ncy plan to wlnd up the charity if circumstsn¢88 arf88 vthlch would make thls a necessary step. STrUCTUR4 GOVERNANCE AND MANAGEMEMr The Lyndhurst Trust Is a reglstsred charity and is constltuted under a charStable tnjst deed dated 11 May 1984. Appointment of tru81ee618 govÈm8d by th8 trust deed of the charity. The power to appotnt new trustee$ Is vested In tr trustee8 for the Ilme b8lng. The charity i8 admini¥lered with the 8ssIStan￿ of a part41n￿ secretary. All of the ch8rfty'S Costs are Incuffed In fees for Ihe m￿lagement of the charivs investsnont portfolio, a¢¢ounting and Ind8pend8nt examination lees end othèr govemance expenses. Approved by order of the board of trustses on .............. ......... ... . and slgned on its b¢half by: Mr M B HKrton- Trusts9 P8ge 3 **The Lyndhurst Trust** ## **Beneficiary Charities and donations for the Year Ended 31st December 2024** |**Description**
Grant - Gospel Community Church Newcastle
Grant - Life Vineyard Church
Grant - Youth for Christ NE
Grant - Luis Palau Association
Grant - Medhurst Ministries
Grant - Prison Fellowship
Grant - Street Kids Direct
Grant - Sowing Seeds Ministries
Grant - Dnipro Hope Mission
Grant - Friends International
Grant - Latin Link
Grant - New Routes UK
Grant - Emerge Advocacy
Grant - Starfish Asia
Grant - Open Door (North East)
Grant - St Luke's Spital Tongues
Grant - Regent Christian Fellowship
Grant - Premier Christian Radio
Grant - Icthus Christian Fellowship
Grant - Grace Church Nottingham
Grant - St Barnabas, Linthorpe|**Grant**
**Overseas**
**NE**
**UK**
**amount**
**mission**
**England**
2,000.00
2,000.00
500.00
500.00
500.00
500.00
1,250.00
1,250.00
1,000.00
1,000.00
1,000.00
1,000.00
6,000.00
6,000.00
16,000.00
16,000.00
3,000.00
3,000.00
2,000.00
2,000.00
1,000.00
1,000.00
1,000.00
1,000.00
2,000.00
2,000.00
3,000.00
3,000.00
2,000.00
2,000.00
2,500.00
2,500.00
3,000.00
3,000.00
500.00
500.00
500.00
500.00
2,500.00
2,500.00
8,750.00
8,750.00| |---|---| ||60,000.00
14,000.00
37,250.00
8,750.00| Independent Examln•rf8 R8POrt to the Trustses of The Lyndhurst Trust Indèpendent •xamln•f$ rèport to tho tru8tws of The Lyndhurst Trust I report to the charity trustees on my examlnatk)n of the accounts of The Lyndhurst Twst (the TNst) for the y8ar ended 31st December 2024. R¢spon4lbllltl6s and basls of report As the charity tn￿teeS of the Trust you ar8 ￿SpOnSIble ftjr 1he preparation of Ihg accounts in accordance wlth the requirements of Ihe Charities Act 2011 (Ihe ACV). 118PDrt in respect of my examinatton of Ihe Trusys accounts carried oul under Sectlon 145 01 the Act al￿ in carylng out my EAaminat6on I have foifowed all applicable Dirticlions given by th8 Chaiity Commission Lmder Sedion 145(5)(b) of the Ind•pendent éxamlnèrfs statement I have completed my examination. I conffinn that no matgrial matters have come to my attenlion in connection wlth the examination giving me cause to believe that in any material rnspecL' accounting recoyris were nol kept In respecl of the Trusl as requlred by Secuon 130 of th8 ACL. or the accounts do not accord with those records: or Ihe ac￿lTrts do not comply with the applicable ￿quI￿rnents concarnlng th& forn and contsnl of accounts set gut In the Charities (Attounts and Reports) Règulations 2008 other than any requir8m8nl that the aGGounts give a true and fair view which Is not a matt8r conshjered as part of an Indep&ndgnt examlnatlon. I havo no concerns and have com8 across no othor mattern In connectlon wlth the expminatlon to which 8tt8nlion should be drawn in Ihis rerN)rt in ord8r to enab18 a proper understanding ol the accounts to be reached. Mr M Gomall The A68(￿lation of Chartered Certified Aecoumants Towers + Gomall Ltd Chart8red Cerbled Accountants Riverview 96 High Street G8rstsng Preston Lanc4shlrè PR3 1WZ Paoe 4 The Lyndhurst Trust Statsment of Financlal Actlvities for the Year Endgd 31st D•cemb8r 2024 2024 Unrestrtctod lund 2D23 Tolal funds Notes INCOME AND ENDOWMENfs FROM Investment incom8 EXPENDITURE ON Raising fvnds 10.081 9,498 Charltable actlvllles Trustees ex￿n8$S Grants to InS￿￿On8 358 fjo,000 417 65,000 Total 72.289 76.696 Net gainsl{losses) on Snvestrnants 32,203 NET INCCIMEI(EXPENDrruRE) (6,790) (52.875) RECONCIUATION OF FUNDS Total funds bro￿ht fontyarrl 1,224,141 1.277.016 TOTAL FUNDS CARRIED FORWARD 1,217.351 1,224.141 The not86 fomi part of thaÉe financSal statem8nts Page 5 The Lyndhurst Trust Balance Shoot 31 st December 2024 2024 Unre8trict8d fund 2023 Total funds Noles XED ASSETS Investments 1,183,114 1,196,784 CURREKf ASSETS Cash at bank 37.912 30.658 CREDITORS Amounts falling due withln year (3,675) {3,301) NET CURRENT ASSETS 27.357 TOTAL ASSETS LESS CURRENT LIABILITIES 1,217,351 1.224,141 NET ASSETS 17351 1224 141 FUNDS Unrestrlded funds 1217361 1224 141 TOTAL FUNDS 1,217,351 1.224.141 Th8 al statements were approved by Board of Truslees a)d authorised for i88ue on . and were slgned on its behalf by: M B Hlnlm- Twstee Tho notes fomi part of the88 financial 8t8tements Page 6 The Lyndhurst Trust Notes to tho Financlal Statements forth6 Year Endod 31st D0￿m￿r 2024 ACCOUNTING POLICIES Bas18 of preparfng th? financlal 8latemonl8 The financlal statsments of the charity. which is a public b￿etit entity undèr FRS 102, heve been prepared In ac￿rdanCe with the Charitles SORP (FRS 102) 'A(uuntlrvJ and RoPQrtlng by Charlties: Statement of Recommended Practice applicable to Cha￿e9 preparhJ thelr accounts In accordance with the Flnan(ig1 ReportlrwJ Standard appllcable In the UK and Republic of Ireland (FRS 1021 (effectNe 1 January 2019)., Financial Reporting Standard 102 The Flnandal Reportl￿ Stsndard applicable in the UK and Republlc of Ifelanrf and the Chariti86 Act 2011. The financlal 8ts1ements have been prepared under the hlstorical cost convenuon. with th8 exception of Investmen16 vthich are I[￿Uded at mathl value, a8 modAfiéd by the r6valu8tion of certaln asEOts. Addltlonal Informatlon The chty is 8 Publtc Benefit Enltty as d8fined by FRS 102. Th8 charlty has tsken advantage of the provlslons in the SORP lor charibes applying FRS 102 Update Bulletin 1 not to prtyare a Statement of Cash FIM. The financial statements have departed from the Charilles (Accounts and Rèport8} Regulations 2008 only to the extent required to provtde a true and fair value. The departure has Involved follr)wing the SORP th*iti08 apptying FRS 102 rdther than the Verslon of Ihe SORP wknlch is referred to in the R6gul8tions but wl¥ch has sinG begn wilhdrawn. The fmanclal statements are prepared In 8tsrflng, vh¥ch is the funclional currency (rf th& charly. Monetary amounts In these ffnanci81 statements are rounded up to the n8argSt £. The accounts have been prepared urKler thg historical cosl Conven￿On, rnodified to Include ¢ortaln financial inslruments at falr value. The prindp31 accountro policies adopted are set OLrt below. Incorne All Income l¥ recognlsed In the staten￿￿t of Financial Ad1vI￿$ once the ¢harfty has entmemenl to Ihe funds. il is probable that the income wlll be T¢￿fved and the amourbt can b8 m8asurad reliably. Exp•ndltur• Llabilities are r8cognlsed as èxpendlture as soon as there is a leg81 or constfudvg obl￿atIon commit11￿j tr charity to that expendthr•, tt18 probable that a transfer of economlc benefits will be rnquired in settlement and the amount of the obligation be me88ured re118bty. Exp8ndFturn Is accounted for on an accrua16 bas1$ and has dassHled under headlngs that aggregate all cost felatéd to the category. Where costs camol be dlrectly attrtbuted to partEcul8r headiros Itw have l)ean allocated to actlvities on a basi$ conslslent with use of resou￿96. The c09ts of raising fvnds conwrlse InveslmBnt man898rn8nt CA)Sts. CostB of charitable activiti68 include grants made and govemance costs. Grants are Included In the a￿o￿nIS vknen the offer ts convayed to the rnclplenl. Govemance c08ts comprise all costs associated wmh me8ling constitutic)nal and ststutory requirements of thè charty. Grants offéred subject lo condltions whlch havo nol been mot at the year end date are noted as a commlLm8nt bui not accrued as expenditure. ChaTftablo fund• Unrestricted funds are avalkblo to U60 at the discretion of the trustees In fiJrther8nce of Ihelr charitable objecllves. Thg thanty only h85 unrestricted furKI8. Taxatlon Tho tharity is exempt from tsx on Its chwknbb actlvltie& Fund aceountlng Unrestrl¢ted funds can be u8ed in actordance wilh the charttable obJeclive$ 81 the discrebon of the trusteg8. Restrlcled funds can only be u8pd for parficular restricted purposes wSihln the Cb￿Cts of the charfty. R•stsi¢t arise when $pecffied by the donor or when funds are ral8e(I for particular restrfcled purp080S. P898 7 n11n￿l... The Lyndhurst Trust Notes to the Financial Statements . contlnued for the Ygar Ended 31st December 2024 ACCOUNTING POLICIE5- ¢onllnu¢d Fund a¢¢ountiny Further explanatlon ofthe nature and purpoge of each furKI is included in the nDtes to the finaneiel statements. INVESTMEKf INCOME 2024 2023 Fixed asset investment incoma Inte￿$t rO￿1Vable 33.213 83 28.828 33.296 RAISING FUNDS Investment management Costs 2024 2023 Investment manag8m8nt fees 9.498 TRUSTEES. REMUNERATION AND BENEFITS One of the trustses is an A￿￿late Vicar. their church recewed a grant of £8.750 {21Y23.' £9.000). No other trustee has re¢elved any remuneratlon or benofits from thg tharity durfng the year. Trust•os' •xpon8•8 Two of the Intste88 were feimbursed a total of £358 expenses In respect of th8 trustees, meeting and the AGM {2023: three trustaes wore re1mbu￿8d £417). COMPARATIVES FOR THE 8TATEMENT OF FINANCIAL ACTIVITIES Unrestricled l￿d INCOME AND ENDOWMENTS FROM Investrnent Ino)me EXPENDTfuRE ON Ralslw funds 9.498 Charltablo actlvlllès Trusteès èxpenses Grdnts to insbtutiOn8 417 Other 1.781 Total Net gaing1(10s8es) on Invesknents 5.074) NET INCOMEI(EXPENDITURE) (52,875) RECONCILIATION OF FUNDS Total funds b￿Ugm forward 1,277.016 Page 8 continued... The Lyndhurst Trust Notes to the Flnanclal Statements - continuad for Year Ended 31st December 2024 COMPARATIVES FOR THE STATEMETrif OF FINANCIAL ACTIVITIES- contlnuod Unre6tricl fund TOTAL FUNDS CARRIED FORWARD 1224,141 FIXED ASSET INVESTMENTS Flxed a88et investments are a fomi of bask financial instrument, and are kn111811y measured at transadional value and are subs8quantly m8asured at lair value at each reporting date. Changes In the fair valu8 are rwnl88d In nei incomel8XP8ndSlure for the year. All gains and losses ere taken to the Ststemenl of Flnandal Acti￿lIes 88 thèy 8A88. Raalls8d gains and losses on investments are calculated as the dlfference between sale proc8&ds and thelr openlng carrying va￿e If acquired 8ubsequ8nt to the first day of the finan¢l81 year. Unrealls8(i galns and 1088es are calculated as the thfference bets¥een thè falr value at the year end and Iholr Carry1￿ value. Realised and unreallsed inveskn8nt galns and Ioss8s are contlnued In the Statement of Financial Actlvltles. The maln forni of fflnandal rf8k faced by thg charfty Is that of volalility In eqully markets due to wlder economic condltFons, the attltude of investors to Investrn8nt rfsk and changes In sat￿arnent concemlng equilles and wlthln parbcular ¥ector8 or sub se¢tor& CREDrroRS: Amoupifs FALLING DUE WITMIN ONE YEAR 2024 2023 Olher creditors MOVEMENT IN FUNDS Net movernent in funds At 111124 31112r24 Unro8trlcl•d fvnds General fvnd 1224,141 {6,790) 1,217,351 TOTAL FUND8 1224 141 1217351 Net movwnent in fvnds. Inthded In Ihe above are as follow8: Incomlr resources Resources expended Galns and Ioss88 Movement in lunds Unr•8lrlct•d fvnd8 General fund 33,2 (72289) 32.203 (6,790) TOTAL FUNDS 72 289) Page g contlnued.. The Lyndhurst Trust Notes to the Financial Statements - contlnued for the Year Ended 31st December 2024 MOVEMENT IN FUNDS - continued Cornparativos for movgmènt In funds Nèt movement ln tsnds At 111r23 31112123 Unrestrlcted fundg General fund 1.277.016 (52,875) 1.224.141 TOTAL FUNDS 52 1,277,016 ￿75) 1.224,141 Comparative net W￿Vement In funds, included in the above Bre as lollows: IncomirYJ Re80urce8 exponded Galr•s and tosses Movoment in funds Unro8trlctsd fund8 General fvrKI 28.895 176,696) (5.074) (52,875) TOTAL FUNDS 52 875) A cuTrent year 12 months and prior year 12 months combln8d positk)n Is aB follow5: Net movement in funds At 111123 31112r24 Unrnslrlcted funds Gener81 fvnd 1.277,016 (59.665) 1,217351 TOTAL FUNDS 1277016 ￿59665) a51 A current year 12 r￿nthS and prior year 12 rnonts comblned net movemenl In funds, induded in the above are as frjllows.. Incoming Resourcas expended Gains and Movement In fvnds Unrnstrlct•d lund General funtl 62.191 (148.985) 27.129 (59.665) TOTAL FUNDS (148.985) 59 665) Page 10 continued.,. The Lyndhurst Trust Notes to the Flnanclal Statements - continued for the Year Ended 31st December 2024 RELATED PARTY DISCLOSURES Related party transactlons are explained in fijll wrthln note 4 to the actounts. Page 11 The Lyndhurst Trust Detslled Statement of Financlal Activities for the Year Ended 31st December 2024 2024 2023 INCOME AND El￿WmENTs Inv¢Ftment Income Fixed asset Invesiment Inu)me Interest re¢eivablo 33.213 83 28,826 33.296 Total Incomlng regources 33,296 28.895 EXPENDITURE Investrnent management costs Investment m8nagwnent fees 10,081 9.498 Charltable aclMtle• Grants to InstStutbns ,000 65,000 Support cost• Financé Bank charges 60 61 Gov¢rnan¢o Trustees. expenses Admlnlstratlon expen80S A¢¢ountancy and legal fee8 358 764 1.026 417 720 Total resources oxpendod 76.696 N•t oxpendllur• befor• ylns and losses (38.993) (47.801) Reallsed recogn16ed galns and1088•S Realised galnslllosses) on fixed assèt Investrnents 32,203 N•t •xp•ndltwe 52.875) This pagg do8s not fomi part of the ststutw financial Statements Page 12