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|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|
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|||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|
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|||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||
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|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-||
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|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|
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|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|
##
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||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|
##
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|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|