| DIRECTORS OF THE CORPORATE TRUSTEE | A.L. Walker |
|---|---|
| (THE DIRECTORS) | Miss B.M.A. Strother |
| M.R. Mathews | |
| J.D. Langdon | |
| N.J. Wingerath | |
| PRINCIPAL ADDRESS | 10 New Square |
| Lincoln's Inn | |
| London | |
| WC2A 3QG | |
| WEBSITE ADDRESS | www.inmancharity.org |
| CHARITY REGISTRATION NUMBER | 261366 |
| INDEPENDENT EXAMINER | Paul Davis FCA |
| Bright Grahame Murray | |
| Emperor's Gate, 114a Cromwell Road | |
| Kensington, London, SW7 4AG | |
| INVESTMENT MANAGER | Rathbones Investment Management |
| 30 Gresham Street | |
| London | |
| EC2V 7QN | |
| BANKERS | CAF Bank |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Mailing | |
| Kent ME19 4JQ | |
| SOLICITORS AND ADMINISTRATORS | Payne Hicks Beach LLP |
| 10 New Square | |
| Lincoln's Inn | |
| London WC2A 30G |
| Unrestricted | Endowment | |||
|---|---|---|---|---|
| Notes | Fund | Fund | Total 2024 | |
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM: | ||||
| Investments | ||||
| Investment income | 1 | 172,521 | 172,521 | |
| Interest receivable | 3,755 | - | 3,755 | |
| Swiss tax reclaim | - | |||
| Royal Albert Hall Debenture | 19,698 | 19,698 | ||
| Book cost adjustment to Quoted | ||||
| Investments | 376 | 376 | ||
| TOTAL INCOME AND ENDOWMENTS | 196,350 | 196,350 | ||
| EXPENDITURE ON: | ||||
| Raising funds | ||||
| Investment management costs | 4,720 | 23,267 | 27,987 | |
| Adjustment to Swiss tax reclaimed in | ||||
| previous year | 163 | 163 | ||
| Reversal of received income | 335 | 335 | ||
| Charitable activities | ||||
| Promoting and enhancing | ||||
| charitable work | 2 | 253,303 | 40,347 | 293,650 |
| TOTAL EXPENDITURE | 258,521 | 63,614 | 322,135 | |
| NET EXPENDITURE BEFORE | ||||
| INVESTMENT GAINS | (62,171) | (63,614) | (125,785) | |
| Investment gains/(losses) | ||||
| Realised | 6 | (26,853) | (73,211) | (100,064) |
| Unrealised | 6 | 53,338 | 88,870 | 142,208 |
| NET GAINS/(LOSSES) ON | ||||
| INVESTMENTS | 26,485 | 15,659 | 42,144 | |
| NET INCOME/(EXPENDITURE) AND | ||||
| NET MOVEMENT IN FUNDS | (35,686) | (47,955) | (83,641) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | ||||
| at 1st January 2024 | 1,195,420 | 4,426,646 | 5,622,066 | |
| Total funds carried forward | ||||
| at 31st December 2024 | 1,159,734 | 4,378,691 | 5,538,425 |
| Unrestricted | Endowment | |||
|---|---|---|---|---|
| Notes | Fund | Fund | Total 2023 | |
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM: | ||||
| Investments | ||||
| Investment income | 1 | 181,496 | 181,496 | |
| Interest receivable | 9,382 | 9,382 | ||
| Swiss tax reclaim | 2,174 | 2,174 | ||
| Royal Albert Hall Debenture | 14,262 | 14,262 | ||
| TOTAL INCOME AND ENDOWMENTS | 207,314 | - | 207,314 | |
| EXPENDITURE ON: | ||||
| Raising funds | ||||
| Investment management costs | 3,623 | 16,169 | 19,792 | |
| Charitable activities | ||||
| Promoting and enhancing | ||||
| charitable work | 2 | 373,487 | 42,681 | 416,168 |
| TOTAL EXPENDITURE | 377,110 | 58,850 | 435,960 | |
| NET EXPENDITURE BEFORE | ||||
| INVESTMENT GAINS | (169,796) | (58,850) | (228,646) | |
| Investment gains/losses | ||||
| Realised | 6 | 12,229 | (44,913) | (32,684) |
| Unrealised | 6 | 45,183 | 73,726 | 118,909 |
| 57,412 | 28,813 | 86,225 | ||
| NET INCOME/(EXPENDITURE) AND NET | ||||
| MOVEMENT IN FUNDS | (112,384) | (30,037) | (142,421) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | ||||
| at 1st January 2023 | 1,307,804 | 4,456,683 | 5,764,487 | |
| Total funds carried forward | ||||
| at 31st December 2023 | 1,195,420 | 4,426,646 | 5,622,066 |
| 2023 | 2023 | Notes 2024 | 2024 | |
|---|---|---|---|---|
| £ | £ | £ | E | |
| FIXED ASSETS | ||||
| Investments | ||||
| 5,301,274 | Listed Investments | 6 | 5,167,616 | |
| 280,000 | Royal Albert Hall Debenture | 6 | 280,000 | |
| 5,581,274 | 5,447,616 | |||
| CURRENT ASSETS | ||||
| 16,561 | Debtors | 7 13,578 | ||
| 67,578 | Cash at bank and in hand | 8 110,368 | ||
| 84,139 | TOTAL CURRENT ASSETS | 123,946 | ||
| LIABILITIES: | ||||
| Creditors: Amounts falling due | ||||
| (43,347) | within one year | 9 (33,137) | ||
| 40,792 | NET CURRENT ASSETS | 90,809 | ||
| 5,622,066 | NET ASSETS | 5,538,425 | ||
| THE FUNDS OF THE CHARITY | ||||
| Capital Fund | ||||
| 4,426,646 | Endowment Fund | 10 | 4,378,691 | |
| Income Funds | ||||
| 1,195,420 | Unrestricted Fund | 11 | 1,159,734 | |
| 5,622,066 | TOTAL CHARITY FUNDS | 5,538,425 | ||
| Approved bythe director the corporate trustee and signed on their behalf by: | ||||
| Directors ofIgCbrporate Trustee | NJ - • VN/ N fr 6-- (LA- r | |||
| 1\L L.• W 111'1--kArk- | ||||
| ZO /0 it Date of Approval: |
2025 |
| 1 | INVESTMENT | INCOME | |
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Fund | Fund | ||
| 2023 | 2024 | ||
| 69,386 | UK equities and collectives | 58,929 | |
| 40,832 | Property collectives | 39,230 | |
| 22,136 | UK Government and fixed interest securities | 23,801 | |
| 44,293 | Overseas equities and collectives | 35,544 | |
| 4,199 | Overseas fixed interest | 15,017 | |
| 650 | Excess reportable income | ||
| 181,496 | 172,521 |
| 2024 | |||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| Fund | Fund | Funds | |
| E | E | ||
| Grants awarded to institutions | 244,000 | - | 244,000 |
| Grant administration costs | 7,793 | 38,997 | 46,790 |
| Governance costs (note 3) | 1,510 | 1,350 | 2,860 |
| 2024 Total funds | 253,303 | 40,347 | 293,650 |
| 2023 | |||
| Unrestricted | Endowment | Total | |
| Fund | Fund | Funds | |
| E | |||
| Grants awardedto institutions | 371,500 | - | 371,500 |
| Grant administration costs | 7,179 | 40,215 | 47,394 |
| Governance costs (note 3) | 2,808 | 2,466 | 5,274 |
| Return of agreed 2022 donation | (8,000) | (8,000) | |
| 2023 Total funds | 373,487 | 42,681 | 416,168 |
| is as follows: | ||
|---|---|---|
| Unrestricted | Unrestricted | |
| Fund | Fund | |
| 2023 | 2024 | |
| £ | ||
| 19,000 | Grant commitments at 1st January 2024 | 6,000 |
| 371,500 | Grants awarded during the year | 244,000 |
| 390,500 | Grants payable | 250,000 |
| (384,500) | Grants paid during the year | (250,000) |
| 6,000 | Grant commitments at 31st December 2024 |
| E COSTS | |||
|---|---|---|---|
| 2024 | |||
| Unrestricted | Endowment | Total | |
| Funds | Fund | Funds | |
| E | |||
| Independent examiner's fee | 1,350 | 1,350 | 2,700 |
| Directors' expenses | 160 | 160 | |
| 1,510 | 1,350 | 2,860 | |
| 2023 | |||
| Unrestricted | Endowment | Total | |
| Funds | Fund | Funds | |
| Independent examiner's fee | 2,466 | 2,466 | 4,932 |
| Directors' expenses | 342 | 342 | |
| 2,808 | 2,466 | 5,274 | |
| a- |
| 2023 | 2024 | |
|---|---|---|
| £ | £ | |
| LISTED INVESTMENTS | ||
| Movements in listed investments during the year were as follows: | ||
| 5,218,378 | Market value at 1st January 2024 | 5,301,274 |
| 2,414,175 | Additions at cost | 1,597,512 |
| (2,450,188) | Disposals at book value | |
| (proceeds: £1,773,314; realised loss of £100,064) | (1,873,378) | |
| 118,909 | Net unrealised gains/(losses) in year | 142,208 |
| 5,301,274 | Market value at 31st December 2024 | 5,167,616 |
| 4,713,955 | Cost at 31st December 2024 | 4,450,261 |
| All investments were dealt in on a recognised stock exchange: | |||
|---|---|---|---|
| 2023 | 2024 | ||
| E | E | ||
| Listed investments held at 31st December 2024 comprise the | |||
| following: | |||
| Investments listed on a UK stock exchange | |||
| 1,836,129 | UK equities | 1,467,379 | |
| 815,292 | UK Government and fixed interest securities | 770,728 | |
| 763,369 | Property collectives | 543,234 | |
| 3,414,790 | 2,781,341 | ||
| Overseas investments | |||
| 1,666,451 | Overseas equities and collectives | 2,123,119 | |
| 220,033 | Fixed interest | 263,156 | |
| 2,386,275 | |||
| 5,301,274 | 5,167,616 | ||
| - | |||
| At 31st December 2024 the following individual holdings had a | material market | ||
| value in the context ofthe entire portfolio: | |||
| % of | Value | ||
| Portfolio | £ | ||
| The Charities Property Fund Units | 7.7 | 396,791 | |
| OTHER INVESTMENTS | |||
| Movements in the Royal Albert Hall Debenture during the year | were as follows: | ||
| 280,000 | Market value at 1st January 2024 | 280,000 | |
| Net unrealised gains/(losses) in year | |||
| 280,000 | Market value at 31st December 2024 | 280,000 | |
| 280,000 | Cost at 31st December 2024 | 280,000 |
| 7 | DEBTORS | ||
|---|---|---|---|
| 2023 | 2024 | ||
| E | E | ||
| 14,749 | Accrued income | 12,870 | |
| 1,812 | Other debtors | 708 | |
| 16,561 | 13,578 | ||
| 8 | CASH AT BANK AND IN HAND | ||
| 2023 | 2024 | ||
| E | E | ||
| 47,764 | CAF Bank | 33,666 | |
| 19,814 | Rathbones Investment Management | 63,306 | |
| - | Payne Hicks Beach LLP | 13,396 | |
| 67,578 | 110,368 | ||
| 9 | CREDITORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| 2023 | 2024 | ||
| E | E | ||
| Accruals for grants payable | |||
| Inman Charity Undergraduate Dental Research Award | |||
| 6,000 | (at King's College London) | _ | |
| Trade creditors | |||
| 6,855 | Investment manager's fees | 6,833 | |
| 26,989 | Grant administration costs | 23,604 | |
| 3,300 | Independent examination fees | 2,700 | |
| Other creditors | |||
| 203 | Directors' expenses | ||
| 43,347 | 33,137 |
| At | 1 January Investment At 31 December |
|---|---|
| 2024 Income Expenditure Gains/(losses) 2024 | |
| £ £ £ £ | |
| 4,426,646 - (63,614) 15,659 4,378,691 | |
| - | |
| At | 1 January Investment At 31 December |
| 2023 Income Expenditure Gains/(losses) 2023 | |
| £ £ £ £ | |
| 4,456,683 - (58,850) 28,813 4,426,646 |
| le the administrative expenses from the fund. The admi e as follows: |
nistrative expenses raised during |
|---|---|
| 2024 | |
| c | |
| Independent examiner's fee | 1,350 |
| Grant administration costs | 38,997 |
| Investment management costs | 23,267 |
| 63,614 |
| e as follows: | |
|---|---|
| 2023 | |
| £ | |
| Independent examiner's fee | 2,466 |
| Grant administration costs | 40,215 |
| Investment management costs | 16,169 |
| 58,850 |
| D | |||||
|---|---|---|---|---|---|
| At | 1 January | Investment | At 31 December | ||
| 2024 | Income Expenditure | Gains/(losses) | 2024 | ||
| £ | £ | £ | £ | ||
| 1,195,420 | 196,350 (258,521) | 26,485 | 1,159,734 | ||
| At | 1 January | Investment | At | 31 December | |
| 2023 | Income Expenditure | Gains/(iosses) | 2023 | ||
| £ | £ | £ | £ | ||
| 1,307,804 | 207,314 (377,110) | 57,412 | 1,195,420 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| Fund | Fund | Funds | |
| £ | £ | £ | |
| Listed investments | 756,857 | 4,410,759 | 5,167,616 |
| Royal Albert Hall Debenture | 280,000 | 280,000 | |
| Net current assets/(liabilities) | 122,877 | (32,068) | 90,809 |
| 1,159,734 | 4,378,691 | 5,538,425 | |
| Unrealised gains on listed investments | 129,054 | 588,302 | 717,356 |
| Reconciliation of movements in | |||
| unrealised gains on investment assets | |||
| Unrealised gains at 1st January 2024 | 93,119 | 494,201 | 587,320 |
| Adjustment to brought forward values | (26,172) | (26,172) | |
| Adjusted in respect of disposals in year | (17,403) | 31,402 | 13,999 |
| 75,716 | 499,431 | 575,147 | |
| Add: Net gains arising on | |||
| investment revaluation in year | 53,338 | 88,871 | 142,209 |
| Unrealised gains at 31st December 2024 | 129,054 | 588,302 | 717,356 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| Fund | Fund | Funds | |
| £ | £ | £ | |
| Listed investments | 766,438 | 4,534,836 | 5,301,274 |
| Royal Albert Hall Debenture | 280,000 | 280,000 | |
| Net current assets/(liabilities) | 148,982 | (108,190) | 40,792 |
| 1,195,420 | 4,426,646 | 5,622,066 | |
| Unrealised gains on listed investments | 93,119 | 494,201 | 587,320 |
| Reconciliation of movements in | |||
| unrealised gains on investment assets | |||
| Unrealised gains at 1st January 2023 | 107,062 | 355,393 | 462,455 |
| Adjustment to brought forward values | 58,770 | 58,770 | |
| Adjusted in respect of disposals in year | (59,126) | 6,312 | (52,814) |
| 47,936 | 420,475 | 468,411 | |
| Less: Net gains arisingon | |||
| investment revaluation in year | 45,183 | 73,726 | 118,909 |
| Unrealised gains at 31st December2023 | 93,119 | 494,201 | 587,320 |
| GRANTS AWARDED DURING THE YEAR: | |
|---|---|
| Institution: | Amount (£) |
| Bursary Fund | |
| Victor Inman Bursary Fund at Uppingham School | 30,000 |
| Medical - Research | |
| Asthma & Lung UK | 5,000 |
| Crohn's & Colitis UK | 4,500 |
| Juvenile Diabetes Research Foundation | 5,000 |
| Kidney Research UK | 4,500 |
| Kings College London - Medical Research Fund | 7,000 |
| Leeds Hospitals Charity | 5,000 |
| Muscular Dystrophy UK | 4,500 |
| Retina UK | 4,500 |
| Urology Foundation | 4,500 |
| Versus Arthritis | 5,000 |
| Worldwide Cancer Research | 4,500 |
| Medical General | |
| Action for M.E | 2,500 |
| Dentaid | 2,500 |
| Fitzroy Support | 5,000 |
| Samson Centre for MS | 2,500 |
| Youth Cancer Trust | 2,500 |
| Social - Hospices | |
| Hospice ofSt Francis | 3,750 |
| Hospice UK | 7,500 |
| Katharine House Hospice | 5,000 |
| Prospect Hospice | 3,750 |
| Teesside Hospice | 4,250 |
| Willen Hospice | 3,750 |
| Social - Older People and Social Welfare | |
| Alice Cross Centre | 2,500 |
| Ezra Umarpeh | 3,000 |
| FiSH Neighbourhood Care | 3,750 |
| Samaritans | 3,750 |
| Tenterden & District Day Centre | 2,500 |
| The Together Project | 3,000 |
| Time and Talents Association | 3,000 |
| Together Collective | 2,000 |
| Carried forward | 150,500 |
| GRANTS AWARDED DURING THE YEAR: Continued | |
|---|---|
| Brought Forward | 150,500 |
| Bromsgrove & Redditch Urban & Rural Transport (BURT) | 3,000 |
| Caring Together in Woodhouse and Little London | 4,000 |
| Highgate Newtown Community Partners | 4,000 |
| MRS Independent Living | 4,000 |
| New Mills District Volunteers | 3,000 |
| Radford Care Group | 2,500 |
| Re-Engage | 3,750 |
| The Helpful Bureau | 3,250 |
| The Vine Centre | 4,000 |
| Totnes Caring Ltd | 2,500 |
| Wycombe Wanderers Foundation | 2,500 |
| Social - Deaf and Blind | |
| Cumbria Deaf Association | 3,500 |
| Deafblind UK | 3,750 |
| East Sussex Vision Support | 3,500 |
| Gloucestershire Deaf Association | 5,000 |
| Listening Books | 3,750 |
| Northumberland County Blind Association | 4,500 |
| Social - Physically and Mentally Disabled | |
| New Forest Disability | 4,750 |
| North Sheffield Federation for the Disabled Self Help Groups | 3,500 |
| Open Country | 3,500 |
| Armed Forces | |
| British Disabled Angling Association | 2,500 |
| MM National Gulf Veterans | 3,750 |
| Royal British Legion Industries | 2,500 |
| Veterans Growth | 3,750 |
| Veterans Into Logistics | 2,500 |
| General | |
| Rotherham Talking Newspaper | 1,750 |
| Royal Countryside Fund | 2,500 |
| Tax Volunteers | 2,000 |
| Total | 244,000 |