REGISTERED CHARITY NUMBER: 278928 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 HOLKHAM CHAIUTABLE FOUNDATION Marsh Solution5 Limited 82 Berechurch Hall Road Colchesier Essex C02 8RF
LKHAM HARI BLE Fouf4DATION CONTENTS OF THE FINANCIAL STATEMENTS for the ear ended S A ril 2023 Page Report of the Trustees llld¢pendent ExamiHer'$ Report Ststement of FRD8llei&l Activities B81on¢e Sh¢et Note5 to the Financial Statements Detailed Statement of Financi Activitie 10
HOLKHAM CHARITABLE FOUNDATION REPORT OF THE TRUSTEE for the "ear ended 5 A ril 2023 The Iruslees preseni their report with the financial slaiemenls of the charity for the year ended 5 April 2023. The trustees have adopied the provisions of A¢¢ouniing and Reporting by Charities.. Statement of Recommended Practice applicable lo ¢haritie% prepaTillg their a¢count% in a¢¢oTdan¢e with the Financial Rq)oning Standard applicable in the UK and Republic of Irel8nd {FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objedlves And alms The charity's objects are such charitable purp05e5 a5 the trustees shall think fit whether in England and Wales or elseM,here. The capital and income of the trust is held for general charitable purposes. The trustees make a number of grant% to medical, socially supportive, educational and cultural charities plus a number of donations to other chaTities. The ttustees ha*e considered the guidance provided by the Charity Commission with regard to meeting the public benefit objective. As all donations aT¢ made lo registeTed chaTities, the ITusiees believe that the Holkham Charitable Foundation is acting for the benefit of the public. Public ben¢fit In planning and undertaking activity aix)ve the Trustees have had due regard to the guidance on public benefjt issued by the Charity CoTllTlli5sion. ACHIEVEMENT AND PERFORMANCE Chxritable activities During the year the Trust ade granis to 33 12022.'11) institutions totalling £44,ROO {2022..£62,5(K>l in furtherance of the charitable object5 of the Trust. Fundr8ising sctitieS During the year, the Twst re¢¢iv¢d income of £45,669 12022 ..£50.707). which included a donation of £nil (2022.. £50.200) from the 8th Earl of Leicesier. FI.YANCIAL REVIEW Rtserve$ poli¢y Re%erves are raained at a level sufficient io generate income for distribution by way of grants ai the discretion of the tTusiee5. FL'TURE PLANS The trte£ will continue lo support medical. socially 5UPPOrtive. educational a]]d cultural charitie5. STRUCTURE, GOVERNANCE AND MANAGEMENT Coverning documellt The charity is controlled by its governing document. a deed of irusi and constitutes an unincorpordied chariiy. The thariiy was established by a charitable Irust deed on 7 November 1979 and 15 registered with the Charity Commission, ¢harity registration number 278928. Recruitment And appointment of new tru5tee5 The power of appointing new tn]slee5 is vested in the tTUStees 01 in the Tnajority of the tTUStees should ihere be more than two in number. D¢¢i$ion m#kithg All decisions affecting the managemeni of Ihe Tnjst and it% alS are taken by the Irusiees. who meet on a fornal basis annually and regularly on an inforrnal basis. REFERENCE AYD ADMINISTRATIVE DETAItS Registered Charltv nunkber 278928 Page I
HOLKHAM CHARtTABLE FOUNDATION REPORT OF THE TRUSTEES for the egr ended 5 A ril 2023 Principal address Holkham E%tate Office Holkham Wells-Next-The-Sea Norfolk NR23 IAB Trustees Countess of L¢i¢ester 8th Earl of Leicesier Peter Mitchell N Moiell (ie5igned 1.2.231 Luke Tyce (appointed 1.2.231 IDdep¢ndent Examlner Marsh Solution5 Limited 82 Berechuich Hall Road Colchester Essex C02 8RF Approved by order of the board of ITusiees on . NGN.thw.. ala4 and signed on its behalf by.. 8th Earl of Lei¢ester- Trustee Page 2
JIYDEPENDENT 4MIP4ER'S REPORT TO THE TRUSTEES OF HOLKHAM CHAIUTABLE FOUNDATIO Independent examiner'5 report to the trn$tee$ of Holkham Charitable Foundation I report lo the charity Iruslees on my examination of th¢ accounts of Holkham Charitable Foundation {Ih¢ TSt) for the year ended 5 April 2023. Responsibllilies and b#$is of report As the chaiity trustees of the Trust you are responsible for lh¢ preparation of the accounts in accordance with the requirements of the Charitie5 Act 2011 I'the Act,). l TCPOrt in regpeci of my examination of the TTUSt's account% carried out under Section 145 of the Act and in carrying out rny exarnination I have followed all appli¢abl¢ Dire¢tion% given by the Charity Commission under Section 145{510)) of the Act. Independent examlner's st2tement have completed my eiamination. I confinn that no material matters have come to my attention in ¢onne¢tion with the examination giving tne cau* to believe thot in any material rcspecl.. accounting record.s were not kept in respect of the TTUSt as Tequired by Se¢tion 130 of ihe Aci,. or Ihe accounts do not aecord with those records.. or the accounts do not Comply wilh the applicable requiremen15 concerning the form and Content of accounts set out in the Charitie5 {A¢¢ount& and Report81 Regulations 2(K)8 oiher than any requirement that the accounts give a INe and fair view which 18 not a matter coD%idered a% part of on independeni examination. I have no concems and have corne acros5 no other Tnatter.% in conllection w'ith the examination to which alteniion should be drawn in this repoft in order to enable a proper understandin¥ of the accounts 10 be reached. Christopher Marsh MAAT Marsh Solutions Limited 82 Berechurch Hall Road Colchesl¢r Essex C02 8R Date.. 8th November 2024 Page 3
HOLKHAM CHARITABLE FOUNDATION TA TEMENT OF FINANCIAL A for the e&r ended 5 A ril 2 23 TIVITIE 5.4.23 5.4.22 Total funds Unrestricted fund Notes Ir4coME Af4D ENDOWMEf4TS FROM Donation5 and legacies 45.653 50,7(K) Investment ineome 16 Total EXPENDITURE ON Charitable Y4ctitie8 Grants Payable 44.800 63,004 Other 21 Total NET INCOMEI(EXPENDITURE) 848 (12,301) RECONCILIATIOIY OF FUNDS Total funds brought forward 60 12.361 TOTAL FUNDS CARRtED FORWARD 908 60 CONTINUING OPERATIONS All incotne and expenditure ha5 arisen frotn continuing activities. The notes fomi part of these financial statements Page 4
HOL MCHA Tl BAI.ANCE SIIEET S A ril 2023 5.4.23 Unrestricted fund 5.4.22 Total fund5 Notes CURRENT ASSETS Cash at bank 908 60 r4ET CURRENT ASSETS 908 60 TOTAL ASSETS LESS CURRENT LIABJLJTIES 908 60 NET ASSETS 908 60 FUNDS Unrestricted funds 908 60 TOTAL FUNDS 908 60 The financial stalemeni% were approved by the Board of Trustee5 and authorised for issue on .1...o%¥..a.a4...... and were 8igned on lis behalf by.. 8th Earl of Leicester- Trustee The notes for part of these financial statements Page 5
HOLKHAM CHARJTABLE FOUNDATION NOTES TO THE FItsANCIAL STATEMEN for the ear ended S A ril 2023 ACCOUNTING POLICIES BA515 of preparing the financigl st8tement5 gnd 8sse5smeDt of going concern The financial statements of tht charity, which is a public benefit entity under FRS 102, have been Prepar in accordance with the Charitie% SORP IFRS 1021 'Accounting and Reporting by Charities.. Statemeni of Recommended Pra¢ti¢e applicable io ¢harities preparing Iheii accounts in accordance with the Finan¢ia] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The Irusiees Consider that there aTe no Materi uncertainties about the charity's ability to continue as a going concern. Therefore. the financia] statements are prepared on a going concern basis. The financial slalemenLs are presenied in sterling {£1. Income All incorne is recogni5ed in the Statement of Finat]cial Activitie5 once the charity has entitlement io the funds, it is PTobable that the income will be received and the amount can bt me&sur¢d reliobly. Expenditure Liabilities are recogni8ed as expenditure as soon as there is a legal 01 con51Tuclive obligation committing the Charity to that expenditure, it is probable that a transfer of econornic benefits will be required in settlement and the amount of the obligation can be mea%urtd reliably. Exptnditure is accounted for on on a¢cryals basis and has been classified under headings that aggregate all co%t relaied io ihe category. Where costs ¢annoi be directly atlribuled lo particular headings they have been allocaied lo 8ctiviiies on a basis cottsisieni with the use of re%ources. Grants offeTed subject to conditions which have not been mel at the year end date are noted as a commitment but not accTued as expenditure. Taxgtion The charity is exempi from tax on its ¢haTitable activities. Debtors 'I'Tade and other debtors are recognised at the settlemenr amount. Prepaymenis are valued ai the amount prepaid. Cash At bank 8nd in hand Cash at bank and in hand includes Cash. CUTrent bank accounts. and deposit bank account5 wilh no withdrawal imiiations. Creditor5 Credltors are recognised where then chartty h&$ a preseni obligation resulting from a past event that will resuli in the transfer of funds to a Ihird party and the amount due to sdtle the obligation can be measured or estimaied reliably. Crediiors are recognised ai their Settlement amount. Fund atcountlng Unrestricted funds can be used in accordance wilh the charitable obje¢tiv&% at the di.scretion of the tru8tee$. Reslricled funds can only be ud for particular resiricied purposes within the objects of the charity. Restrictions arise when spe¢ified by Ihe donor OT when fundb aFe raised foT particulat TeslTicled putposes. FurtheT explanation ofihe nature and purpose of each fund is included in the notes to the fjnancial statements. Page 6 continued...
HOLKHAM CHARITABLE FOUNDATION rsOTES TO TIIE FIANCIAL STATEMF.NTS- eontSnued for the ear ended 5 A ril 2023 INVESTMENT INCOME 5.4.23 5.4.22 Deposit account intere51 16 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, rernuneration or other benefits foT the year ended 5 April 2023 nor for the year ende 5 April 2022. Trustees. expen$Ès There were no trustee5' expense5 paid for Ihc year ended 5 April 202.1 nor for the year ended 5 April 2022. COMPARATIVES FOR THE STATEMENT OF FIIYAf+iciAL ACTIVITIES Unrestricted nd INCOME AND ENDOWMENTS FROM Donaiions and legacies 50,700 InvestTnent intome Tot#1 50,707 EXPENDITL'RE ON Cligritable activRties Giants Payable 63.004 Other Total 63.008 NET INCOMEI(EXPENDITURE} (12.301) RECONCILIATION OF FUNDS Total funds brought fonvard TOTAL FUNDS CARRIED FORWARD 60 Page 7 continued..
HOLKHAM CHARITABLE F VNDATION NOTES TO THE FINANCIAL STATEMENTS- ¢ontiNued for the ear ended 5 A ril 2023 MOVEMEIYT IN FUNDS Net movement in funds At 5.4.23 At 6.4.22 UDrestricted funds Generdl fund 60 848 908 TOTAL FUNDS 60 908 Nel movement in funds, included in the above aTe as follows.. Incorning ources Resources expended Movement in fund5 Unrestri¢ted fund$ General fund 45.669 {44,8211 848 TOTAL FUNDS 44,821) 848 Comp#r#tives for movement in fund5 Nei ovement in funds At 5.4.22 At 6.4.21 Unrestricted funds General fund 12.361 (12,301) 60 TOTAL FUNDS 12.101) 60 Compardtiv¢ net movement in fund%, included in ihe above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 50,707 163.008) 112,3011 TOTAL FUNDS 63 0081 Page 8 eontinucd...
HOLKHAM CHAIUTABLE FOUNDATION NOTF.S TO THE FINANCIAL STATEMENTS- continued for the ear ended S A ril 2023 MOVEMENT IIY FUNDS- continued A CUTTent year 12 monihs and prior year 12 months combined position is follow5.. Nei movement in funds At 5.4.23 Al 6.4.21 Unrestricted funds General fund 12.361 111,4531 908 TOTAL FUNDS 1114531 908 A ¢urrenl year 12 months and prior year 12 months combined net movement in funds, included in the above are &% followq.. Incoming resources Resour¢es expended Movem¢nt in fllnds Ullrtstrlcted funds General fund 96,376 (107,8291 {11,453) TOTAL FUNDS 96.376 (107,8291 1.453) RELA TED PARTY DISCLOSURES Donations from the Iru.%lees for the y¢ar totalled £nil {2022.. £50,200). These donations were received wTrthout restriciion or eondiiion. Page 9
HOLKHAM CHARITABLE FOUNDATION DETAILED STATEIMENT OF FINANCIAL ACTIVITIES for tht ear ended S A ril 2023 5.4.23 5.4.22 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 500 45,153 50,700 45.653 50.700 IDve$tmeni in¢om¢ Deposit account intcrc51 16 Total in¢oming resources 45,669 50,707 EXPENDITURE Ch8ritable a¢tlvitles Sundrie% Gran15 to in51itutions 500 500 62.500 44,800 63,000 Support cosis FinADce Bank char8es 21 Total rcsources expended 44,821 Net iD¢omellexpemditurel 848 123011 This page doe% not fomi part of the slalutory financial statements Page 10