REGISTERED CHAIUTY NUMBER.. 278928 REPORT OF THE TRUSTEES AND UNAUDITED FIISLryCIAL TATEMENT R THE YEAR ENDED APRIL 2024 FOR HOLKHAM CHARITABLE FOUNDATION Marsh Solutions Litnited 82 Berechurch Hall Road Colchesier E&sex C02 8RF
HOLKHAM CHAIUTABLE FOUNDATION CONTEISTS OF THE FINANCIAL STATEMENTS fo he 'ear ended 5 A ril 20 Page Report of tbt Trnstees Independent Ex•miner's Report Statement of Flninc581 Adivltles Balatlce Sheet r4otes to ihe FSt)ao¢lal Statements Detailed Statement of FinY4ncial Activitie5 10
HOLKHAM CHARITABLE FOUNDA TION REPORT OF TIIE TRUSTEES for the ear ended 5 A ril 2024 The trustee5 presetjt their rq)ort with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounlillg and Reporting by Charities.. Sialemenl of Recommended Practice applicable to chariiies preparing Iheir a¢couni% in ac¢ordan¢e with the Finan¢ial Reporting Standard appli¢able in ihe UK and Republic of Ireland IFRS 102) leffeciive l January 2019). OWECTIVES AND ACTIVITIES Objeetii'es and Aim5 The charity's objects are sllch charitable purposes as the trustees shall think fil whether in England and Wales or elsewhere. The capital and Income of the Irusi 15 held for gener31 Charitable PUTP05es. The tTU51ees make a number or grani% to medical, socially supportive. cducalional and cultural charities plu5 a number of donations to otheT charities. The trusiee% have considered ihe guidance provided by the Charity Commission with regard to meeting the public benefit objective. As all donations are made to regI¢re ¢hariiie% the iruste&s believe ihat ihe Holkham Charitable Foundation is aciing for the benefit of the public. Public benefit In planning and undertaking activity abovt the Tnjslees have had due regard lo the guidan¢e on public benefit issued by the Charity ComTnission. ACHIEVEMENT AND PERFORMANCE Charitable Activities During the year the Tnjst made grdnls 10 46 (2023..331 institutions lotalling £60,383 {2023..£44,3(K)) in fllrtherdnce of the charitable objects of the Trnst. FundraSsing actiTr7ties During the year, the Trust received income of £65.458 {2023..£45.669), which included a donation of 64,650 £(2023..£nill from the 8th Earl of i£icester. FINANCIAL REVIEW Re$erve$ policy Re%erves are retained at a level Sufficient to generate Income for dI.tribution by way of grants at the discretion of th trustees. FUTURE PLANS The tTUStees will continue 10 support rnedical, socially 5UPPOrtive. educational and cultural charitie5. STRUCTURE, GOVERNANCE AND MANACEMENT Goi'erning document The charity is conirolled by its governing d(Kument, a deed of and consiitutes an unintOTw>rated charity. The charity was e51abli5hed by a charitable tnjst deed on 7 November 1979 and r¢gisiered with the Charity Commission. charity registration number 278928. Recruitment and appointment of new trustee$ The power of appointing new Irusiees is vested in the trustees OT in the majority of the trustees should there be more than two in number. Decision making All decisions affecting the managemenl of the Trust and its assets are iaken by the trustets, who meet on a fornia] basis annually and regularly on an informal basis. REFEREfs'CE AND ADMINISTRATIVE DETAIIS Regi¥tered Charity number 278928 Page I
HOLKHAM CHARITABLE FOiJNDATION REPORT OF THE TRUSTEES ended 5 A ril 2024 Prin¢ipal #ddr¢s$ Holkham E5tale Offiec Holkha Wells-Next-The-Sea Norfolk NR23 IAB Tru5tee$ Countess of i£icester 8th Earl of Lei¢¢ster Peter Miichell Luke Tyce Independent Ex8miner Marsh Solutions Limited 82 BerechuT¢h Hall Road Col¢hesteT Essex C02 8RF Approved by order of the board of Iwsteu on ....ty.. 9(LtM...tsI4...... ond signed on it8 behalf by.. 8th Earl of Lei¢e5ter- Trusiee Pag¢ 2
INDEPENDENT EXAMINER'S REPORT TO THE TRVSTEES OF HOLKHATrI CHARITABLF. FOUNDATION Independent examiner's report to the trustees of Holkhsm CharitAble FoundAtio I report to the charity ITUStees on my examination of the accounts of Holkham Chariiable Foundation (the Trusil for the year ended 5 April 2024. Respon$lbililie$ and bo$i$ of report As the charity tru5tee5 of the TTUSt you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe Act'l. I report in respeci of my examinaiion of the Trust's a¢counlS carried out under Section 145 tsf the Aci and in carrying out my examination I have followed all applicable Direction5 given by the Charity Cotnrnis5ion under Section 145{51(b) of the Act. Independtnt exgminer'5 Stgtement I have completed my examillation. I confiTm that no material matteTS have corne lo My attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Tnjsi as required by Section 130 of the A¢i,' or the accounts do not accord with those record8," or the accountb do not ¢OTnply with the applicable requirements conceTning the form and content of accounts set out in the chatieS (Accounts and Report5) Regulations 2(K)8 other than any requiremeni thai the accounts Eive tt and fair view which is not a matter considered as pan of an independent examination. I have no coneerns and have come across no other matters in connection with the examination to which aiieniion should be drawn in Ihis report in Order to enable a PToper understanding of the accounts to be Teached. Christoph¢r Marsh MAAT Marsh Solutions Limited 82 Berechurch Hall Road Colchesler Essex C02 8RF Date.. 0911212024 Page 3
HOLKHAM CHARtTABLE FOUNDATION STATEMENT OF FINANCL4L ACTIVITIES for the 'ear ended 5 A ril 2024 5.4.24 Unre8tricted fund 5.4.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 65,450 45,653 Jnveslment income 16 Total EXPENDITURE ON ChRrit8ble activitie5 Grants Payable 60.910 44.800 Other 21 TotAI NET INCOME 4,548 848 RECONCILIATIOT4 OF FUNDS Total funds brought forward 908 60 TOTAL FUIYDS CARRIED FORWARD 908 CONTINUING OPERATJONS All income and expenditure has arisen from continuing activilics. The notes fomi part of the financial 5taietnents Page 4
HOLKHAM CHARITABLE FOUNDATION BALANCE SHEET ril 2024 5.4.24 Unrestricted fund 5.4.23 Total Notes CURRENT ASSETS C&sh at bank 5,456 908 NET CURRENT ASSETS 908 TOTAL ASSETS LESS CURRENT LIABILITIES 5,456 908 NET ASSETS 908 FUNDS Unrestricted funds 908 TOTAL FUNDS 908 The fjnancial statements were approi'ed by the Board of Trustees and auihorised for issue on ..G..Qiti..l¥.k4.......... and were signed on its behalf by.. 8th Earl of Leicester- Trustee The notes forn) pan of these financial slalements Page 5
HOLKHAM CHARITABLE FOUNDATION NOTES TO THE FI.NcIAL STATEMENT for the 'e*r ended S A ri12024 ACCOUNTING POLICIES Basis of preparing the fiDantial st8temeDts &nd &ssessment of going concern The financial statements of the Charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the ChaTities SORP IFRS 1021 'Accounting and Reporting by Charitie5'. Staiernent of Recommended Practice applicable io charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland IFRS 1021 l¢tTective l January 2019),, Financial Reporting Standard 102 'The Financial Reponing Standard applicable in Iht UK and Republic of Ireland, and Ihe Chariiies Act 2011. The financial siaiemenls have been prepared under the historical cost convention. The tnjstees consider that there are no material uncertainties aboui the charity's ability to continue as a going con¢em. Therefore, the financial statements are prepared on a going concem basis. The financial statements are presented in sterling (£). Income All income is recognistd in the Statement of Finaneial ACtvItIeS once the chariiy has ¢Dtitlem¢nt to the fun(ts, it is probable that the income will be ieceived and ihe amouni can be measuied reliably. Expenditure Liabilities are recognised &s expenditure as soon as there is a legal or constrnctive obligation cornmitting the choriry to thai expenditure, it is probabl¢ that a transfer of e£onomic b¢nefirs will be required in settlement and Ihe amount of the obligation can be measured reliably. Expenditure is a¢counled for on an a¢cruals b&sis and has been Classified under headings thai aggregate all cost related to the caiegory. Where costs cannot be dire¢ily attribuied lo particular headingb they have been allo¢ated io a¢tivilies On a basi5 COnSlStcnl with the use of re501Jrces. Grani.% offered subject to condiiions which have noi been mei at the year end date are noted as a commitment but not ac¢Tued as expenditure. TY4X4tion The charity i5 exempt from t&x on its charitable activities. Debtor$ Trade and otheT debtors aTe re¢ognised at the settlement aTnount. Pr¢ptyen¢s are valued at the amount prepaid. C85h at bAnk And in hAnd Cash al bank and in hand includes cash, current bank accoun15 and deposit bank accounts with no withdrawal limilalions. Creditor5 Creditors are reCOgnsed wheTe thetj charity ha5 a present obligation Tesulting from a p&st event that will Tesult in the transfer of funds lo a third party and the a]nounl due to settle Ehe obligation can be measured or eslitnaled reliably. Creditors are recognised al their settlement amount. Fund #¢countin8 Uniestricied funds can be used in cOrdance wilh the charitable objectives ai the discreiion of the tNstee& Restricted funds can only be used for particular strcted purposes within the object5 of the charity. R¢strictions arise when speeifjtd by the donor or when funds are raised for panicular restricied purposes. Further eKplanation of the nature and PUTptsse of each fund is included in the notes to the financial statements. Page 6 coniinued...
HOLKHAM CHAIUTABLE FOUNDATION NOTES TO TIIE FJTriANCJAL STATEMENTS- eontinutd for the 'eAr ended 5 A ril 2024 INVESTM£P4T INCOME 5.4.24 5.4.23 Deposit account interest 16 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' retnuneTation or oiheT benefits for the year ended 5 ApTiI 2024 nor for the year ended 5 April 2023. Tru$tee$' expen$e$ There were no trustees, expense5 paid for thc year ended 5 April 2024 nor for the yeaT ended 5 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIvITIES Unres¢ric¢ed fund INCOME AND ENDOWMENTS FROM Donations and legacies 45.653 Inv&stment income 16 Total 45.669 EXPENDITURE ON Chxrit&blt 2Ctivities GTanis Payable 44,800 Other 21 Total NET INCOME 848 RECONCILIATION OF FUNDS Total funds brought f0rn4'ard 60 TOTAL FUNDS CARRIED FORWARD 908 Page 7 continued...
HOLKHAM CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued for the ear ended 5 A ril 2024 MOVEMENT IN FUNDS Net movement in funds Ai 6.4.23 5.4.24 Unrestricted funds General fund 908 4,548 5,456 TOTAL FUNDS 908 4,548 5.456 Net rnovemenl in funds, Included in the above are as follows.. Inco]8 resources Resources expended Movemeni in funds Unre$tritttd funds General fund 65,458 160,910) 4,548 TOTAL FUP4DS 60910) Cornp8r8tives for movement ID fund5 Net movement in funds At 5.4.23 At 6.4.22 Unrestricted funds Gener81 fund 60 848 908 TOTAL FUNDS 60 848 908 Comparative nel movement in fund4 included in the above are as follows.. Incoming resouTce5 Resources expended Movement in funds Unrestricted fund5 Gener fund 45,669 144,8211 848 TOTAL VUP4DS 44821) 848 Page 8 continued...
HOLKHAM CHARtTABLE FOUNDATION NOTES TO THL F"INANCIAL STATEMENTS - eontinued for the ear ended 5 A ril 2024 MOVEMENT IN FUNDS- Continued A current year 12 month.% and prior year 12 rnonths cornbined position is as follows-. movemeni in funds Ai 5.4.24 At 6.4.22 UDre5tricted funds General fund 60 5,396 5.456 TOTAL FUNDS 60 A current year 12 months and prior year 12 months Combined net movement in fund%, included in the above are as follows.. In¢orning r&sources Rewurces expended Movement in fund5 Unrestrieted fund5 General fund {105.731) 5,396 TOTAL FUNDS (105,731} RELATED PARTY DISCLOSURES Donation8 from ihe trusitts for the year totalled £64,650 12023.. £nil}. These donation% were received without restriction or condilion. Page 9
HOLKHAM CHARJTABLE DATI DETAILED STA TEMETriT OF FINANCIAL ACTIVITIES for the ear ended S A ril 2024 5.4.24 5.4.23 JNCOME AND ENDOWMENTS Don9tions and legacie5 Donations Gift aid 65,450 soo 65,450 45.653 Investment IDeome Deposit a¢¢ouni interest 16 Totfil In¢omlng resourte$ 65,458 45.669 EXPENDITURE Ch&ritable o¢tlvlti¢s Sundries Grants to institutions 500 500 60,883 44,800 Support C05t5 Finance Bank charges 27 21 Total resources expended 60,910 44,821 Nei income 848 Thi5 page does not form part of the statutory financial statement5 Page 10