Charlty number: 264237
THE LORD COZENS-HARDY TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

THE LORD COZENS-HARDY TRUST
CONTENTS
Page
Refèrence and admlnlstratlve d•talls of the Charltyi Its Trustees and advlsers
Truste•8' report
Independent examlnerfs report
statemont of flnanclal actlvltl68
Balance sheet
Notes to tha flnanclal 8tst•m•nt8
7-14

THE LORD COZEN8-HARDY TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2025
Trusteeo
Mr John Edward Vandeleur Phelps
Mrs Llnda Frances Phalps LTCL
Mr Justin Jolyon Peter Ripm8n
Mr Benjamin Francls Vandeleur Phelps
Charlty regl8ter•d
number
264237
Reglsterèd 8ddre88
PO Box 28
Holt
Norfolk
NR25 7WH
Accountants
MA P8rtner8 LLP
Chartered Accountants
7 The Close
Norwlch
Norfolk
NR1 4DJ
Ind•p•nd•nt Examlner Laurfe Hlll BA(Hons) BFP ACA
Larklng Gowen LLP
Prosped House
Rouen Road
Norwlch
Norfolk
NR1 1RE
Bonkers
CAF Bank Llmlled
25 Klngs Hlll Avenue
Klngs Hill
Wesl Malllng
Kent
ME19 4TA
Sollcltors
Mllls & Reeve LLP
1 Sl James Court
Whilefriars
NOn￿1¢h
Norfolk
NR3 1RU
Inv•8tmont Managers
Ralhbong Brothers & Co Ltd
Port of Liverpool Building
Pier Head
Llverpool
L31NW
P8ge 1

THE LORD COZENS.HARDY TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their annual report togelherwilh the financi81 ststements of the Charity for the year 6 Aprll
2024 10 5 April 2025.
Oblectlves and actlvltles
History and constltutlon of the Trust
The original settlement established on the 30 March 1966 became the Glaven Charltable Trust by a Deed of
Declaration made on the 29 May 1972 and registered with the Charity Commission under reference 264237. On
the l December 1980 the assets of the Nimrod Charitable Selllemenl leslablished 19661 were added lo the
Glaven Charitable Trust and the Trust was known as the Nimrod and Glaven Charitable Settlement. On the 12
Oclober 1995 8 resolulion was passed to rename the Trust as The Lord Cozens*ardy Trust.
b. Alms and Oblectlves
The Trusvs objectives are lo support gen&ral charitable purposes with particular emphasis on national and
Norfolk charities for medicine, health and welfare by providing gtsnls lo appropriate charities.
The Trustees confirm that they have referred lo the guidance contsined in the Charity Commission's general
guidan¢e on public benefit when reviewng the Trust's aims and objectives and in planning future activities and
selling the grant making policy for the year.
c. Achievements and performance of the Trust
The assets of the Trust are invested in a portfolS0 of1Ssled Investments which enabled the Trustees to award
grants tolalling £98,000 (2024- £99.955) as listed in note 4 to the flnancSal slalem8nts.
d. Future devtrlopments
The Trustees anlicipale, over the coming year. a level of Income similar lo that received in the year to 5 April
2025.
Flnanclal review. Investment pollcy and r8s8rves
At the balance sheet dale the Trust's lolal funds amounted to £3.235.531 compared with £3,448. 153 al the end
of the previous year. The Trustees regard all of the Trust's fund8 a8 Unrestr￿ted funds.
The Trustees, policy is lo invest funds lo maximise the lolal return, capital growth plus income, with a medium
level of risk. The income Irorn investments and cash deposits this year was £62,209 (2024- £73.651J, which
represents a return of 1.97Y. {2024_ 2.37tsA) on the year end historical Gost. The Investment portfolio has
decreased its market value through the year by 5.88¥. (2024- 4.40LA¥ Incr&as8J lo £3.206.534 (2024 -
£3,406,81t).
Grants are funded by a combination of capital and income from the Trust's portfolio of listed investments.
However, the Trustees relain sufficienl reserves in the form of nel current assets to meet one year's anticipated
running costs and any emergency granl applicab'ons. At the year end such funds amounted to £28.997 (2024 -
£41.342).
Page 2

THE LORD COZENS-HARDY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
Oblectlves and a¢tlvltles {contlnuedl
f. Going concern
Taklng Into account the antldpaled level of investment Income for the forthcomlng flnanclal year, the Tiuslees
believe that the Charlty Is well pla￿d to continue operational existence for the forseeable future. The Truslees
are confident that the Charity can continue to make grants totalling those made in re￿nt years for the
foresetsable future from the dale of approval of the financial slalements.
g. Main activities undertaken to further the Charity's purposes for the public benefit
The Trustees, policy is lo assist charities predominantly in the East of England. and most particularfy Norfolk, or
nalional charilies undertaking projects in the region wih particular support for medical and educational causes.
The Trustees meet 8nnually to review thi5 policy bul relain Ilexibilily in respect of the liming and scope of grant
making. Although no specific formal for application is required the Trustees review all documents and accounts
submilled on a quarterly basis. Local and national charities are supported but not individuals. Support is glven
annually lo a number of organisalions.
h. Management and governance arrangements
The Trustees in office during the year are listed on page 1 of this report together with the Charills adminislralive
details.
The management of the Trust is the responsibility of the Trustees who are appointed and Cothopled under th8
terms of the Trusl deed.
The power to appoint new Trustees rests with the current Twslees.
The Trustees have unrestricted power of investment and minimise investment risk through the use of
professional investment advisers and the mainl8nance of a div8rse investment portfolio. Genoral operating risk
Is minimised through regular reviews by the Trustees of the Trust's aclivilies.
True and fair overrld•
The financlal slalements have been prepared lo glve 8.lrue and fair. Mew and have departed from the Charities
(Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide ¥ 'lrue and fair view.. This
departure has involved following the Accounting and Reporting by Charities.. Slalement of Recommended
Practice applicable to charities preparing their accoLJnls in accordance wilh the Financial Reporting Standard
applicablè in tha UK 8nd Republic of Ireland issuèd in October 2019 rather than the Accounting and Reporting by
Cha￿lIes.. Slalemenl of Recommended Pracllce effecllve fiom 1 Aprll 2005 which has since been wllhdrawn.
Approved by order of the members of the board of Trustees on 12 January 2026 and signed on their behalf by..
Page 3

THE LORD COZENS-HARDY TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2025
Independent examlnerfs report to the Trustees of The Lord Cozens-Hardy Trust ('the Charlty'l
I report lo the Charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025
which are sel out on pages 5 to 14.
Responsibilities and basis of report
As the Charitls Trustees you are responsible for the prep8ralion of the accounts in accordancè with the
requirements of Ihe Charllies Act 2011 {'Ihe ACVI.
I report in respect of my examination of the Chariltys accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145{5llbl of the 2011 Act.
Independent examlner'B ststement
I have completed my examination. l confirm th81 no matters have come lo my allenlion in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by Sect￿)n 130 of the Act.. or
the accounts do not accord with those records.. or
the accounts do not comply wlh th8 applicable requirements conc8rning the fomi and conlenl of
accounts sel out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement
that the accounts give a 'lrue and fail. view which is not a matter constdered as part of an independent
examination.
I have no concerns and have come across no other mallers in connection with the examination lo whi¢h
allenlion should be drawn in this report in order to enable a proper understsnding of the accounts lo be reached.
Your allenlion is drawn lo the fact the Charity h88 prepared the accounts (financial slalementsl in accordance
with Accounting and Reporting by Charities.. St8lemenl of Recommended Practice applicable in the UK and
Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charilies.- Slalemenl of
Recommended Practice issued on l April 2005 which is referred lo in the exlanl regulations bul has since been
withdrawn.
l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Signed..
Dated.. 12 January 2026
Laurie Hill BA{Honsl 8FP ACA
Larklng Gowen LLP, Chartered Accounlanls, NO￿lCh
Page 4

THE LORD COZENS-HARDY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
Unrèstr5etèd
funds
2025
Total
funds
2025
Total
funds
2024
Noto
Income from..
Investments
62,209
62.209
73,651
Total Income
82,209
62,209
73,651
Expenditure on-
Other raising funds
Charitable achvities..
Adminlslralion costs
Other charitable acliwlies
17.689
17,689
13,823
10,065
98,000
10.065
98,000
9,623
99.955
Total expenditure
125,754
125,754
123,401
Net movement In funds before galns on
Investments
163,545}
63.5451
{49, 750)
(Lossesllgains on investments:
{L0s5esllgains on revaluation of fixed assets
Nel gains on disposed inv8slmenls
{159,4971
10,420
{159,4971
10,420
178.418
12,294
Nèt movamant In funds
1212,6221
1212,6221
140,962
Reconclliatlon of funds:
Total funds brought forward
Nel movement in funds
3,448,153
1212,6221
3,448,153
{212,6221
3,307, 191
140,962
Total funds carrled fonvard
3.235.531
3.235,531
3,448, 153
The Slalemenl of financlal aclivi118s includes all gains and losses recognised in the year.
The notes on pages 7 10 14 form part of these financial slalemenls.
Page 5

THE LORD COZENS.HARDY TRUST
BALANCE SHEET
AS AT S APRIL 2025
2025
2024
Notè
Flxed assets
Investments
3,206,534
3,406,811
Current a$s6ts
Cash al bank and In har
45,815
73,095
Current Ilabllltles
Creditors.. amounts falllng due wlthin one
year
(16,818)
(31,753)
Net currènt assets
28.997
41.342
Total asset8 l•$s curr•nt Ilabllltles
3,235,531
3,448, 153
Total net a8Set8
3,235,531
3,448, 153
Charlty funds
Unreslricled funds
3,235,531
3,448,153
Total funds
3,235.531
3,448, 153
The financlal statements we
slgned on their behalf by.
roved nd 8ulh
d for Issue by the Trustees on 12 J8nuary 2026 and
The notes on pages 7 10 14 fom part of these fin8n
I slalements.
Page 6

THE LORD COZENS-HARDY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accounting pollcles
1.1 Basis of preparation of financlal statements
The fSnancl81 slalemenls have b8en prepared in accordance wilh the Charilles SORP IFRS 1021
Accounting and Reporting by Charities". Stslement of Recommended Practice applicab18 to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 1021 leffeclive 1 October 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102} and the Charities Act 2011.
The financial statements have been prepared to give 8 'lru8 and 18iV view and have departed from
the Charities {Accounls and Reports) Regulations 2008 only to the exlenl required to provide a 'lrue
and fairf view. This departure has involved following the Charities SORP IFRS 1021 published on
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recomménded
Pi8cli¢e effective from 1 April 2005 which has since been withdrawn.
The Lorij Cozens-Hardy Trust meets the definition of a public benefit enllty under FRS 102. Assets
and liabilities are initially recognised al historical cosl or transaction value unless otherwise slated in
the relevant accounting policy.
1.2 Going concern
The Trustees maintain the majority of the Trust's assets in the form of income generating
investments and only make grant awards in line with known investment income and free reserves.
Ac¢ordingly the Trustees are able lo ensure Ihe the Trusl can continue as a going concern. The
Trustees Ihe¥8fore have prepared these financial slalements on a going concern basis.
1.3 Income
All Income is recognised once the Charlty has enlllltsmenl lo the income. il is probable that the
income will be receiv8d and the amount of income receivable can be measured reliably.
1.4 Expendlture
Expenditure is recognised once Ihele is a legal or conslruclive obligallon lo transfe¥ economic benefit
lo a third paty, it is probabfe that 8 transfer of economic benefits will be required in seluemenl and
the amount of Ihe obligalion can be measured reliably.
Expenditure on raising funds relatss to investment managerfs fees only.
Expenditure on charitable activities Is InCur￿d on directly undertaking the activities whlch further the
Charllls objectives, as well as any assLKiated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions 8ttsching are
fulfilled. Grants offered subject lo conditions which have not been mel at the year end are noted as a
commitment, bul not a¢crued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 7

THE LORD COZENS-HARDY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accountlng pollcles Icontlnued)
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity.. this is normally upon nolificalion of the interest paid or payable by the
inslilulion with whom the funds are deposited.
1.6 Inva$tmènts
Investments are stsled at market value at th8 balance sheet dale. The Slalemenl of Financial
Activities includes the nel gains and losses arising on revalual+ons and disposals throughout the year.
1.7 Cash at bank and In hand
Cash al bank and in hand Includes cash and short-lerm highly IlquSd Investments with a short malurily
of three months or less from the dale of acquisition or opening of the deposit or similar account.
1.8 Llabllitl8s and provislons
Liabilities are r8cognised when there is an oblig81ion al the Balance Sheet date as a result of a past
event, il is probable that a transfer of economio benefit w511 be r8quir8d in seltlemenl. and the 8mounl
of the settlement can be eslimal8d reliably.
Llabilill8s are recognised al the amount that the Charity anlicipales il will pay lo sellle the debt or the
amount il has recelved as advanced payments for the goods or services it must prowde.
1.9 Fund a¢¢ountlng
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
urposes.
Investment income, gains and losses a￿ allocated lo the appropriate fund.
Investment Income
Unrestrlcted
funds
2025
Total
funds
2025
Investments listed on a recognised Stock Exchange
Interest receivable
57,839
4,370
57,839
4,370
62,209
62,209
Paga 8

THE LORD COZENS41ARDY TRUST
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 5 APRIL 2025
Inv•8tment Income (contlnuedl
UnreslriGted
funds
2024
Tot81
fvnds
2024
Investrn8nls listed on a recognised Stock Exchange
Interest receivable
70,583
3,068
TO,583
3,068
73,651
73.651
Analysls of oxpondStur8 by aGtlvltl88
Grant
fundlng of
actlvltlos
2025
Support
costs
Total
funds
2025
2025
ActNtles
98.000
10,065
108,065
Grant fundlng
ofactlwtles Support costs
2024
2024
Tot81
funds
2024
Activties
99,955
9,623
109,578
Pag8 9

THE LORD COZENS4IARDY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Analysls of &xpondltur• by act1v1t￿l (contlnued)
Analys18 of support ¢osts
Charltabl•
•Gtlvtl•s
2025
Total
funds
2025
Independent Examlnels fee8
Legal and professlonal fe88
AccountsnGy fees
Bank charges
3,420
3,592
2,976
77
3,420
3,592
2,976
77
10,065
10,065
Charitoble
activN8s
2024
Total
funds
2024
Independent Examlnefs fees
Legal and professional fees
Accountancy fees
Bank charg6s
3,300
3,420
2,832
71
3,300
3,420
2,832
71
9.623
9,623
P8ge 10

THE LORD COZENS-HARDY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Analysls of grants made
2025
2024
Age UK Norfolk
Blind Veterans UK
Blue Cross
Braln Tumour Charlty
Breast Can￿r Gampalgn, Norfolk
Cancer Research UK IUEA Norfolk)
Carers Trust
Connects & Co
Crisis UK, Norfolk Appeal
Deafblind UK
East Angllan Air Ambulance
East Anglia's Children's Hosplces
Eating Maltèrs
Equipping Nurturing Young People
Get Me Out The Four Walls
Glaven District Caring Committee
Headway- The Brain Injury Association
Hearing Dogs for Deaf People
Heritage House Caring Group
Hunlinglon's Disease Association
Independent Age
Inspire Foundation
International Spinal Research Trust
Langham Church (Langham PCC Fabric Fund)
Langham Parlsh Council
Liverpool School of Troplcal Medicin&
Norfolk Accident Rescue Service
Norfolk Deaf Association
Norfolk Guide Association
North Lynn Melhodisl Church (The Beacon)
North Norfolk Community Transport
People's Dlspensary for Sick Anlmals
Priscilla Bacon Hosp¢ce Bereavemenl
Prisoner's Education Trust
Prostale Cancer UK
Read for Good
Royal National Inslilule for Deaf People
Royal National Lif8boal Inslilulion
1.000
1.000
1,000
2.000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
5.955
1.000
1,000
1.000
1,000
1,000
1,000
1,000
1.000
1.000
1.000
s,000
3,000
1,000
1,000
1,000
1,000
1,000
1.000
5,000
20,OQO
1,000
5.000
1,000
1,000
5.000
1,000
1,000
1,000
20.000
1,000
1,000
1,000
1.000
1.000
1,000
1,000
3,000
1,000
5,000
5.000
1.000
s.000
1,000
1,000
t,000
5.000
5,000
1,000
f.000
Page11

THE LORD COZENS-HARDY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Safvalion Army UK
Samaritans, Non￿lch
Sense
Shellor
The Almhouso Association
The GuSde Dogs for the Bllnd Assoclalion
The Migralne Trust
The Klng's Trust
UEA Tiger Test
Vlsion Norfolk
Grants less than £1.000
1,000
1,000
5,000
1,000
2,000
2,000
1,000
1,000
5.000
1,000
7,000
2,000
1,000
1,000
1,000
7,000
98,000
99,955
Trusto•s' remun•ration and 8xpons•*
Ou￿n9 the year, no Trustees received any remuneration or other benefits (2024- £NIL).
Durlng th8 yaar ended 5 Aprfl 2025, no Trustee expenses havè been Incurred {2024- £NIL).
Page 12

THE LORD COZENS-HARDY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Flx•d ass•t Investments
Llsted
8ecurltl•8
Cash on
d•poslt
Total
Cost
At 6 April 2024
Additions I Cash movement
DIspo8aL8
3.078.276
1,007.243
(980,6861
35,738
21.843
3,114,012
1,029,086
1980,5861
At 5 April 2025
3,104.933
57,579
3,162,512
Revaluatlon
At 6 Aprtl 2024
Revaluatlon al th8 year end
Reallsed on dlsposals
292,799
1159.4971
(89,2801
292.799
1159,4971
{89.2801
At 5 April 2025
44,022
44,022
Market value
At S April 2025
3,148,955
57,579
3,206,534
At 5 Apn'l 2024
3,37t,075
35.736
3,406,811
The following Investments represent more than 6% of the portfolio market velue :.
2025
2024
Materlal Invgstmgnts market valu68
4.100 Ishares PIC
1e3,313
Page 13

THE LORD COZENS-HARDY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Credllors: Amounts falllng due wlthln one year
2025
2024
Accountancy fees
Leg81 fees
Investment Man8geVs fees
Independent Examiner's fees
Grants payable
2,976
3.592
6,830
3,420
5,532
3,420
3,546
3,300
15,955
16,818
33,753
Summaryof funds
Summary of funds- Current yaar
Balancè at 8
Aprll 2024
Galnsl
Balance at 5
{Lossosl Aprll 202S
Income
Expendlture
General funds
3,448,153
62,209
{125,754) (149,0771 3.235,531
Summary of funds- prforyear
Balance al
6 April 2023
Gains/
{Loss8s)
Balance al
5 April 2024
Income
Expenditure
General funds
3,307, 191
73,651
(123.401)
190,712
3,448. 153
Related party transactlons
The Trust incurred legal fees of£3,592 (2024- £3.420) lo Mills & Reeve LLP. a firm in which Mr Justin
Jolyon Peter Ripman. a Iruslee. was a partner and is now an employed consultant. Al the end of the year
£3,592 was owing to Mills & Reeve LLP (2024 - £3,420J. This amount Is included wlhin creditors in nolo
7 to the financial sialements.
Page 14