The Lindsay-Fynn Trust
Report of the Trustees for the Year Ended 31" December 2024
The Trustees present their Teport for the 2024 year. On 2, May 1966 Sir Basil Lindsay-FyDn
founded and endowed a Charitable Trust. This Trust was set up by an irrevocable Deed of
Appointment by Nigel Lindsay-Fynn and others on 4 January 1977. On 12, August 1987 the
Trustees of the Basil Lindsay-Fynn Charitable Trust re501ved to transfer their remaining assets
to this Trust and wind up. At the same time the Trust adopted its current name, the Lindsay-
Fynn Trust.
The current Truslees ate Nigel Lindsay-Fynn. Piers Lindsay-Fynn, Miranda Lindsay-Fynn and
Stephen Glover.
The Trust was set up to support the charities connected with or that have appealed to the
Lind5ay-Fynn family for support. The majority of the charities SllPPOrted are active in the
county of Devon, but otherwise it is not restricted to any geographic area or country. Among
its recent supported charities aTe Exeter Cathedral, the Devon County AgricultUTal Association,
the London Business School and the St Caiherine's Cultural Centre, Kinsale. Ireland.
FINANCIAL REVIEW
During 2024, income from donations re¢cived and charitable activities reduced to £1 1,000
(2023 £22,471). The donations totalling £1 1,000 were received in support of the Trust's
donation to the London Business School to contTibute towards the award of the prize presented
to the winner of the 'Clean Tech Challenge" sponsored by the London Business School.
Likewise charitable donations decreased to £18.718. (2023 £27,710). However, investment
income increased to £20,223 (2023 £7,337) due to the timing of the receipt of dividends.
In generally buoyant stock markets, the investment assets increased in value by £82,550 to
£869,834. Including the net movement in funds, the Trust retained a surplus in 2024 of £94,327
(2023 £55,117). At 31, December 2024, the fund balance of listed investments and cash
amounted to £925,363.
The Trust continues its fundraising activities, particularly from its opening to garden societies
of the gardens at Lee Ford. The most significant donation during the year was to the London
Business School of £12,500.
GOVERNANCE AND RISKS
The Trust has no employees and pays no remuneration or reimbursement of expenses to its
Trustees. The selection and size of the charilable donations are entirely decided by the Tnjstees,
one of them acling as professional investmenl manager overseeing the investments held by the
Trust. The principal source of income for the Trust remains donations from the Lindsay-Fynn
family and their charitable activities, enabling the Trustees to feel confident of the future
financial stability of the Trust. The active involvement of the Trustees ensures that any future
rinancial risk can be kept to an absolute minimum.

The Lindsay-Fynn Trust
Accounts for the Year Ended 31 st December 2024
REGISTERED CHARITY NUMBER 272846
TRUSTEES AND PIUNCIPAL OFFICE
N Lindsay-Fynn Esq
P Lindsay-Fynn Esq
M Lindsay-Fynn Miss
S R Glover Esq
Lee Ford
Budleigh Salterton
Devon
CONTENTS
Report of the Trustees
ststement of Financial Activities
Balance Sheet
Notes to the Accounts
Donations

The Lindsay-Fynn Trust
Report of the Trustees for the Year Ended 31 st December 2024
The Trustees present their report for the 2024 year. On 2. May 1966 Sir Basil Lindsay-Fynn
founded and endowed a Charitable Trust. This Trust was set up by an Irrevocable Deed of
Appointment by Nigel Lindsay-Fynn and others on 4 January 1977. On 12 August 1987 the
Truslees of the Basil Lindsay-Fynn Charitable Trust resolved to transfer their remaining assets
to this Trust and wind up. At the same time the Trust adopted its current name, the Lindsay-
Fynn Trust.
The current Trustees are Nigel Lindsay-Fynn. Piers Lindsay-Fynn, Miranda Lindsay-Fynn and
Stephen Glover.
The Trust was set up to 5UPPOrt the charities connected wilh or that have appealed to the
Lindsay-Fynn family for support. The majority of the eharities supported are active in the
county of Devon, but otherwise it is not restricted to any geographic ar¢a or country. Among
its recent supported charities are Exeter Cathedral, the Devon County A8ricultUTal Association,
the London Business School and the St Catherine's Cultural Centre, Kinsale, Ireland.
FtNANCIAL REVIEW
During 2024, income from donations received and charitable activities reduced to £1 1,000
(2023 £22,471). 'fhe donations totalling £1 1,000 were received in support of ihe Trust's
donation to the London Business School to contribute towards the award of the prize presented
to the winner of the 'Clean Tech Challenge" sponsored by the London Business School.
Likewise charitable donations decreased io £18,718, (2023 £27,710). However, investment
income increased to £20,223 (2023 £7,337) due to the timing of the receipt of dividends.
In generally buoyant stock markets, the investment assels increased in value by £82,550 to
£869,834. Including the net movement in fL￿d5, the Trust retained a surplus in 2024 of £94,327
(2023 £55,117). At 31, December 2024, the fiind balance of listed investments and cash
amounted to £925,363.
The Trust continues its ￿ndraISing activities, particularly from its opening to garden societies
of the gardens at Lee Ford. The most significant donation during the year was to the London
Business School of £12.500.
GOVERNANCE AND RISKS
The Trust has no employees and pays no remuneration or reimbursernent of expenses to its
Trustees. The selection and size of the charitable donations are entirely decided by the Trustee5,
one of them acting a5 professional investment manager overseeing the investments held by the
Trust. The principal source of income for the Trust remains donations from the Lindsay-Fynn
family and their charitable activities, enabling the Trustees to feel confident of the future
financial stability of the Trust. The active involvement of the Trustees ensures that any future
financial risk can be kepi to an absolute Tninimum.

The Lindsay-Fynn Trust
Accounts for the Year Ended 31 st December 2024
STATEMENT OF FINANCIAL ACTIVITIES
Dec-24
Dec-23
Note
Incoming Resources
Donations
Investment Income
Total Incoming Resources
Rcsourees Expended
Charitable Expenditure..
Charitable Donations Paid
Fund Managers Fees
11,000
20,223
22.471
7,337
31.223
29,808
18,718
729
27.710
674
19,447
11,776
28,384
1,423
Net In¢oming/ (Outgoing) Resour¢e5
Other Recogniscd Gains and Lossc5
Realised profitlloss
on sale of investements
Unrealised losslprofit
on investment assets
Net Movement in Fund5
82,550
94.327
53,694
55,I17
Fund balances blfwd at 1st January 2024
£831,036
£775.919
£925,363
£831,036
All funds are unrestricted funds.
The net incomingloutgoing resources and resulting net movement in funds arise from
continuing operations.
The Trust has no recognised gains or losses other than the net movemetAIs
in lunds for the period ended 3 1st December 2024
The accompanying accounting policies and notes form an integral part of
these accounts.

The Lindsay-Fynn Trust
Accounts for the Year Ended 31 st December 2024
BALANCE SHEET AS AT
3 1st December 2024
Dec-24
Dec-23
Note
Fixed A55et5
Investments at Market Value
869,834
787.284
Current Asset$
Debtors
Cash at Bank
55.529
55.529
43.752
43.752
Current Liabilitics
amounts falling due within one year
N¢¢ Current Asscts
55.S29
43.752
Net Assets
£925,363
£831.036
Funds
Unresiricted general funds
£925.36]
£831.036
£925.363
£831.036
Signed on be
f the Trustee's on the
by Nigel Lindsay-Fynn

The Lindsay-Fynn Trust
Accounts for the Year Ended 3 1st December 2024
NOTES TO THE ACCOUNTS
I PRINCIPLE ACCOUNTING POLICIES
Accounting Convention
These Accounts l)ave b¢en prepared under the historical cost Convention as
modified by Ihc inclusion of investments at market value. In preparing the A¢counts
the Charity follows best practise as laid down in the Statemeiit of Rccommcnded
Practice "Accounting and Reporting by Charities" (SORP 2005) issued in
March 2005.
Investment Income
Investment Incoine is accounted for in the period in which the Charity is entitled
to its receipt.
Resources Expended
All expenditure is accounted for on an accruals basis and has been classified under
headings that aggregate all costs related lo that category. All charitable donations
are approved by the Trustees in the year in which tl)ey are accounted for and do
not form part of a grant.
Funds
Capital Fund5 represent funds settled or transferred to the trust as atnended by
realised and unrealised gains and losses. Income Fund5 represent tlic balanc¢
of undistrubuted income fro￿ prior and eurrent years. However. in accordance
with tlie Trust Deed, knth Capital and Income Funds are available for distribution.
STAFF INFORMATION
The Charity had no cmployees during the year.
The Trustees received no remuneration nor reimbursement of expenses during the
year.
tNDEMNITY ISURANCE
The Charity does not hold indetnnity insurance for its Trustees.

The Lindsay-Fynn Trust
Accounts for the Year Ended 31 st December 2024
NOTES TO THE ACCOUNTS Contd
INVESTMENT fNCOME
Dec-24
Dec-23
Dividend Receipts
Interest on cash deposits
19,984
239
£20.223
7,260
77
£7,337
INVESTMENTS
Dec-24
Dec-23
Market value at I st January 2024
Decrease/lncrease in investment values
Disposal
Purchased
787,284
82,550
733,590
53,694
Market value at 3 1st Decernber 2024
£869.834
£787.284
Investments at market valu¢ comprised..
UK unit trusts
UK equities
Fixed Interest
755.359
672,694
114,475
114.590
£869,834 £787,284
Historical cost as at 3 Ist December 20221202
£73 I,480 £731,480

The Lindsay-Fynn Trust
Accounts for the Year Ended 3 1st December 2024
NOTES TO THE ACCOUNTS Contd
6 CAPITAL FUNDS
Balance
Movernents
Balance
at 111124 durin
ear at 31112124
Settled Funds per Deed of
Settlement 4th January 1977
loo
loo
Trust Fund transferred from the
Lindsay-Fynn Charitable Trust
73,595
73.595
Profit/Loss on sale of investmen
85,892
85,892
Excess of Market Value over costs
of Investments
55,804
£215.391
82.550
£82,550
138,354
£297,941
INCOME BALANCES
Dec-24
Dec-23
Undistributed Income at 1st January 2024
Net Surplus for the year
626,831
11.776
625,408
1,423
Undistributed Income at 31 st December 2024
£638.608
£626,831

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
. Section A ..
Independent Examlner's Report
Report to the trustgesl
members of
The Lindsay-Fynn Trust
On accounts for the year
ended
31" December 2024
Charity no
Ilf any)
272846
Set out on pages
One io Seven
I report lo the trustees on my examination of the accounls of the above
Charity l.the Trust.) for the year ended 3111212024.
Responsibillties and As the charity trustees of the Trust. you are responsible for the preparation
basis of report of tha accounts" in accordance with the requirements of the Charities Act
2011 ("Ihe Act.).
I report in respect of my examlnatlon of the Trusl's accounts carried out
under section 145 of the 2011 Act and in Carrying out my examination, I
have followed the applicable Dlrectlons given by the Charity Commlsslon
under sectlon 145(5)(b} of the Act.
I have completed my examination. I confirm that no material matters have
come lo my attention {olher than that disclosed below ') in connection with
th8 examlnatlon which gives me cause lo believe that in. any material
respect..
"accountlng records were not kept in accordance wlth section 130 of
the Act or
the accounts do not accord with Ihe accountlng records
Independent
examiner's statement
I have no ¢oncems and have come across no other matters in connection
with the examination lo which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
Pleas8 delele the words in th8 brackets If they do not apply.
Signed:
Date:
Name:
l¥ts
Relevant professlonal
qualificatlon(sl or body
{if any):
Address:
C*-.-L (Joa
LL
IER
October 2018