The Linden Charitable Trust
Financial Statements
for the year ended
5th April 2024
Charity Number.. 326788

The Linden Charitable Trust
Contents
Poge
Trustees and Advisors
Trustee's Report
Independent Examiner's Report
Statement of Flnancial Affalrs
Balance Sheet
Notes to the Financial Statements
10-17
Page 2 of 17

The Linden Charitable Trust
Trustees & Advisors
For the year ended 5th April 2024
Charity Number..
326788
Trustees
J F H Swales
KASwales
M G Swales
R W H Swales
Prlnclpal Offlce
POBox826
Harrogate
HGI 9XQ
Investment Banker5
Redrnayne Bentley LLP
9 Bond Court
Leed5
LSI 2JZ
Quilter Cheviot Asset Management
5 St Paul's Square
Llverpool
L3 9SJ
Independent Examiners
Lithgow Perkins LLP
Crown Chambers
Princes Street
Harrogate
HGI INJ
Solicitors
Addleshaw Goddard
Sovereign House
Sovereign street
Leeds
LSI IHQ
Page 3 of 17

The Linden Charitable Trust
Trustees Report
For the year ended 5th April 2024
The Trustees present their annual report and financial statements for the charity forthe year ended
5th April 2024.
The financial statements have been prepared in accordance with the accounting policie5 set out in
note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting
and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing
their financial statement5 in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS1021 {January 2022).
Objertives and Artlvltles
The objectives of the Charity are defined widely in the governing documents to include any charitable
activity. The Trustees have considered the Charity Commission's guidance on public benefit and
currently the trustees, policy is to beneflt charities specialising in cancer relief and research, those
particularly Involved wlth hospices, those involved in arts, charities supporting children, lonellness and
combattlng general disease as well as a wlder range of charities based In and around North and West
Yorkshlre.
The Trustees confirm that they have referred to the guidance contained In the Charity Commission's
general guidance on public benefit when reviewing the Charity's aim and objectives and in planning
future activities and setting the grant making policy for the year.
Requests from larger charitie5 and for larger one off amount5 are also considered rf they are
particularly pertinent to the Charity's objectives and benefit the North and West Yorkshire region. This
geographical restriction is deemed reasonable by the Trustees.
Grant Maklnq Pollcy
The Charity has establlshed its grant making pollcy to benefit charlties in Ilne with Its charitable objects
and purposes in the United Kingdom as the trustees see fit.
Flnanclal Revlew
The Charity is reliant on income from it5 investment portfolio. At 5th April 2024, the market value of
the portfolio was £3,308,77212023 £3,075,834) and during the year the Charity received £80,957
12023 £69,953) of dividend5 and interest. Total expenditure in the year was £114,775 {2023 £120,284).
This amount includes £94,300 {2023 £98,188) of grants paid during the year.
Investment Pollcy• Performance and Achievements
The Trust's investments managers have been instructed by the Trustees to maximise the total return
on the Charity'5 funds within the constraints of a medium to low risk portfolio. During the year, there
were additions of £963,48912023 £362,242) to the portfolio and sales of £877,42812023 £471,537).
There was a revaluation gain during the year of £282,725 {2023 loss £497,600) leaving the market
value at 5th April 2024 (excluding cash) at £3,291,95212023 £2,923,166).
Page 4 of 17

The Linden Charitable Trust
Trustees & Advisors
For the year ended 5th April 2024
During the year, the Charity made grants totalling £94,30012023 £98,188) to a number of different
recipients. The full list of the grants paid during the year can be found in note 5 to these financial
Statements.
Risk Management
The principal risk faced by the Charity lies in the performance of inve5trnents. The Trustees consider
variability of investment returns to constitute the charity's major financial risk. This mitigated by
retaining expert investment managers and having a diversified investment portfolio.
ReseThes Policy
The Trustees have power to establish funds for particular purposes or to maintain reserves. The
Trustees intention is to hold the investment portfolio at a consistent level (subject to market
fluctuations) and expend any income received in the year on charitable purposes. The balance held as
unrestricted funds at 5th April 2024 was £3,427,507, the majority of which is represented by the
investment portfolio. The Trustees have reviewed the level of available reserve and are satisfied that
there are sufficient for meeting necessary costs over the next year.
Achlevements of the Chority
The achievement of the Charlty throughout the year was donating to various charities. The grants
were used by the various charities for a multitude of purposes dependent on the nature of the speciflc
charity, all of which will benefit the public in the North and West Yorkshire area.
The grants made in the year amounting to £94,300 (2023 £98,188) have continued to fulfil the
Charity's objectives. In additional to continuing to support smaller charities, the Charity also aims to
make some larger one off 8rants in the future in line with their objectives.
Fundraising Artlvities
The Charity does not seek to fundraise externally and does not run any external fundraising campaigns
or publicity.
Plansfvr the Future
The Trustees plan as far as is possible that sufficient income is available to be able to continue to
make donations at similar leve15 as at present to potential beneficiaries who may be eligible.
Strurture, Governance & Management
The Trust is a registered charity, number 326788, and 15 constituted under a trust deed dated 31st
January 1985.
Pa8e 5 of 17

The Llnden Charftable Trust
Trustees & Advisors
For the year ended 5th April 2024
The trustees have administered the Charity during the year, as far a practicable, in atcordance with the terms and objects of the
Charity as laid down in the origin31 deed.
The power of recruitin8 and appointlng new and additional trustees is set out in clause 12 of theTrust Oeed and vests with the
trurtees.
New trustees undertake approprlate training and advlce In relatlon to being a charlty trustee.
Keymonugement Personn¢lRemunerotlon
The Trustee5 consider the board ol trustees a5 cgrnprlsln8 the key mana8ement personnel of the charlty in char8e of directin8 and
conLrollln8 the charlty and running and operatlng ihe charity on a day to day basis.
Ail but one trusteès glve of thelr timefreeSy. One of the tnJstee5 has received Tenumeratlon via a related patty for the p￿para￿on of
the account5.
Trvstses'Responslbllltlesth relatlon to the Flnonclolstotements
The charlty trustees are responsible for preparing and trusteès, annual report and financial statements In accordance with applicable
law and Unlted Kingdom Accountln8 Standards IUnSted Kingdom Generally Accepted Accountln8 Prartlcel.
The law applicable to charltles in England and Wales requSred the charlty trustees to prepare Ilnanclal statemenis for each year whlch
glve a true and fair vlew ol the state of affalrs ol the charity and of the Sftcomln8 re50ur¢es and appli¢atlon ol resources, of the ¢harltv
for that perlod. In preparlng the flnan¢lal statements. the trustees are requlred to-
select sultable a¢countln8 pollcies and then apply them conslstentlvi
obseNe the methods and prlnclplès.ln the applicable Charitles SORP,.
make judgernents and estlmates that are responsible and prudent;
state whethef applicoble accountin8 Standards have been followed, subject to any materlal
departures that must be dlsc105ed and explained In the fln3nclal stalements;
prepare the flnancial statements on the 8olnB concern bas15 unless It 15 Inappropriate to
presume that the Charlty will continue In buslness.
The Trustees are responslble for keeping proper a¢¢ountln8 reccsrds that dlsclose wlth reasonable accura¢y at any tlme the flnancial
posltlon ol the ¢harlty io enable them to ensure that the finan¢lal siatements ¢omply with the Charities Act 2011, the appllcable
Charltles (Accounts and Reporrsl Re8ulations, and the provislons of the trust deed. They are also responslble lor safeguarding the
assets of the charfty and takln8 reasonable steps for the prevention and detertlon of fraud and other Irre8ularlties.
Approved by Trustees and s18ned on thelr behalf bv..
K Swale5
Trustee
Date..
Page 6 of 17

The Linden Charitable Trust
Independent Examiner's Report to the Trustees of the Linden Charitable Trust
For the year ended 5th April 2024
I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 5
April 2024.
Responsibilities and basis of report
As the charity's trustees, you are responslble for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111.the Act").
I report In respect of my examinatlon of the Trust's accounts carried out under sectlon 145 of the 2011 Act and
In carrylng out my examination, I have followed all the applicable Directlons glven by the Charlty Commlssion
under sectlon 14515llb} of the Act.
Independent examlner'5 Statement
I have completed my examlnation. I confirm that no material matters have corne to my attentlon in connection
wlth the examinatlon which gives me cause to believe that in, any material respect:
the accounting records were not kept In accordance with sectlon 130 of the Charitle5 Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concernin8 the form and content of
accounts set out in the Charities {Accounts and Reports} Regulations 2008 other than any
requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connectlon with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Michael Briggs FCA
LlthEow Perkins LLP
Crown Chambers
Princes Street
Harrogate
HGI INJ
Date:
03 February 2025
Page 7 of 17

The Linden Charitable Trust
Statement of Financial Activities
For the year ended 5th April 2024
Total unrestrirted
fvnds Year Ended
5th April 2024
Totol unrestrirted
fund5 Year Ended
5th Aprll 2023
Notes
Incomefrom..
Investments
80,957
69,953
Total Income
80,957
69,953
Expenditure on..
Charitable activities
Raising funds
96,119
18,656
101,752
18,532
Total Expendlture
114,775
120,284
Net (expendlturej befvre golns
and1055es on Investments
133,8181
(50,331)
Net (lossJ/galn on Investments
282,725
(497,6001
Net Movement inlund5
248,907
{547,931)
Reconclliatlon ofAunds
Total funds bou8ht forward
3,210,434
3,758,365
Totalfvnds carriedfvrword
3,459,341
3,210,434
The notes on pages 10 to 17 form part of these financial statements.
Page 8 of 17

The Linden Charitable Trust
Balance Sheet
For the year ended 5th April 2024
Totol unrestrirted
fvnds Yeor Ended
5th April 2024
Total unrestricted
fvnds Year Ended
5th Aprf12023
Notes
FlxedAssets.'
Investments
Tangible fixed assets
3,308,772
3.075,834
Trtal FixedAssets
3,308,772
3,075,834
Current Assets..
Debtors
Prepayments
Cash at bank and in hand
io
121,256
135,620
Total CurrentAssets
121,256
135,620
Current Llabllltles..
Creditors failing due within one yea
li
12,5211
11.0201
Net CurrentAssets
118.735
134,600
Net assets
3,427,507
3,210,434
The funds of the charlty:
Unrestricted income funds
12
3,427,507
3.210,434
Totol Charfty Funds
3,427.507
3,210,434
The flnancial statements on pages 8 to 17 were approved by the board to trustees and authorlsed for
Issue on 31 January 2025 and are si8ned on its behalf by:
K Swale5
Trustee
The notes on pages 10 to 17 form part ofthe5e financial statements,
Pa8e 9 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
l. Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction valueless otherwise stated in the relevant notes to these financial
statements. The financial statements have been prepared in accordance with the Statements of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts In accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (January
20221 and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
The trustees have a reasonable expectation that the charity has adequate resources to continue in
existence for the foreseeable future. They continue to believe they going concern basis of accounting
Is appropriate in preparing the financial statements.
Incoming Resources
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the arnount of income receivable can be measured reliably. Any donations are
recognised when the Charity has been notified in writing of both the amount and the settlement date.
Investment income from bank interest Is bought into the account gross when receivable. Dividends
are recognised once the dividend has been declared and notification has been received of the
dividend due. This is normally upon notification by the Charity's investment advisor of the dividend
yield of the investment portfolio.
Resources Expended
All expenditure is accounted for on accruals basis. Governance costs include those incurred in the
governance of the charity and its assets and primarily associated with constitutional and statutory
requirements.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the
Charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified
of the grant award. The notification gives the recipient a reasonable expectation that they will receive
the grant. Grant awards that are subject to the recipient fulfilling performance conditions are only
accrued when the recipient has been notified of the grant and any remaining unfulfilled condition
attaching to the grant is outside of the control of the Charity.
Page 10 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
Provislons for grants are made when the intention to make a grant has been communlcated to the
recipient but there is uncertainty as to the timing of the grant or the amount of the 8rant payable.
Costs of Ralslng Funds
The costs ofgenerating funds consist of investment management costs and certain legal fee5.
Charltable Artivltles
The costs of charltable actlvates Include grants made and 8overnance costs.
Fixed Asset Investment
Investments are a form of basic financial instrument and are Initlally reco8nised at their transaction
value and subsequently measured at their fair value as at the balance sheet date using the c1051ng
quoted market price. The Statement of Financial Activities includes the net 8alns and losses arisin8 on
revaluation and disposals throu8hout the year.
Flxed Assets
Tan8ible fixed a55ets are inltially measured at cost and subsequently measured at cost, net of
depreciatlon and any impairment losses. The charity's depreciation policy is set out below:
Computer equipment
5 years straight line
In the year of purchase, depreciation is calculated on a monthly basis.
Reallsed and Unreallsed Galns and Losses
All gains and losses are taken to the Statement of Flnanclal Activltles as they arlse. Reallsed gains and
losses on Investments are calculated as the difference between sales proceeds and their opening
carrying value or their purchase price if acquired subsequent to the first day of the financlal year.
Unrealised gains and105ses are calculated as the difference between their fair value at the year end and
thelr carrying value. Realised and unrealised investment gains and losses are comblned in the
Statement of Financlal Activities.
Unrestrlcted Funds
Unrestricted funds are funds which can be used in accordance with the charitable objects at the
discretion of the trustees.
Taxation
As a registered charity, The Linden Charitable Trust is exempt from the payment of income and capital
gains tax in respect of its charitable activities.
Page 11 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
2. Income from Investments
2024
2023
Dividends received
Interest received
74,927
6,030
65,610
4,343
80,957
69,953
3. Expenditure on Charitable Activitles
Notes
2024
2023
Grants paid to instltutions
Support Costs
Governance Costs
94,300
98,188
408
3,156
1,819
96,119
101,752
4. Expendlture on Ralsing Funds
2024
2023
Investment management fees
18,656
18,532
18,656
18,532
Page 12 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
5. Anatysis of Grants pald to Instltutions
2024
2023
A Stroke of Luck
Candlelighters Trust
Carerfs Resource
Caring for Life
Cheshire Disability
Children's Heart Surgery Fund
Children with Cancer
Clic Sargent
Dementia Forward
Disability Action
Emma Maltby Memorial Fund
Emmaus Leeds
Follifoot Park Disabled Riders Group
Forget Me Not Children's Hospice
Friends of Harrogate Hospital
Guide Dogs
Harrogate Theatre
Hearing Dogs for Deaf People
Henshavls Society for the Blind
Herriot Hospice Homecare
Hope Pastures (The Phyllis Harvey Horse and Donkey TrL
Horticap
Inn Churches, Bradford
Leeds Children's Charity
Leeds College of Music
Leeds Samaritans
Leeds Teaching Hospital
Leonard Cheshire Disability (Wharfedale House, Wetherb.
Lifeline Harrogate
Little Sisters of the Poor
Macmillan Cancer Support
Marie Curie
Martin House Hospice
MIND (Harrogate)
National Children's Deaf Society
Northem Ballet
Opera North Foundation
PDSA (Head Office)
RNLI
Royal Airforce Benevolent Fund
Samaritans of Harrogate
SASH (Safe & Sound Homes)
Subtotal carried forward
1,000
1,000
1,000
3,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
1,000
1,000
1,000
1,000
1.000
2,000
1,000
1,000
1,000
1.000
2,000
500
1,000
4,000
1,000
1,000
2,000
500
1,000
4,000
1,000
1,160
1,300
1,000
1,000
1,000
1,000
2.000
2,000
2,000
2,000
1,000
1,000
1,000
1,000
500
1,000
1,000
1,000
2,000
2,000
2.000
2,000
1,000
1,000
1,000
500
1,000
1.000
1,000
45.160
39,300
Pa8e 13 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
5. Analysis of Grnnts pald to Institution5 continued
2024
2023
Subtotal Ca￿led forward
39.300
45,160
School for Conduct
Sick Children Trust
St Gemma's Hospice
St George's Crypt
St Johns Catholic School for the Deaf
St Michael's Hospice
Steve Rosser (Generators for Ukraine)
Sue Ryder Care - Wheatfields Hospice
Sunshine and Smiles - Leeds Down Syndrome Network
Supporting Older People CIO
Sylvia Wright Trust
The Mary Wood Trust
Theodora Children
Ukraine Appeal
Veterans Aid
Vision Support Harrogate District
Walk This Way
War memorial Trust
West Yorkshire Dog Rescue
Yorkshire Air Ambulance
Yorkshire Cancer Research
Yorkshire Cat Rescue
Yorkshire Eye Research (Giving of Sight)
Yorkshire Wildlife Trust
500
1,000
2,000
2,000
1,000
2,000
3,028
2,000
1,000
1,000
2.000
5,000
500
20,000
1,000
1,000
500
2,000
2,000
1,000
2,000
2,000
2,000
35,000
1,000
500
1,000
2,000
2,000
1,000
1,000
500
1,000
2,000
2,000
1,000
1,000
500
TOTAL
Page 14 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
6. Governonce and Support Costs
2024
2023
Governance Costs
Accountancy Fees
Independent examiner's fees
Administrative expenses
1,450
1,071
{7021
1,380
1,020
756
1,819
3,156
Support Costs
Depreciation
408
408
7. Fixed Asset Investments
2024
2023
Movement in fixed assets listed investments
Market value brought forward (excluding cash)
Additions to investments at cost
Disposals at carrying value
Equalisation
Net Iloss)/gain on revaluation
2,923,166
963,489
1877,4281
3,530,062
362,242
1471,537)
282,725
3,291,952
16,820
3,308,773
(497,6001
2,923,166
152,668
3,075,834
Cash held within the portfolio
Market value carried forward
Investrnents at fair value
Comprised:
Equities
Fixed Interest securities
Funds
Cash held within the investment portfolio
2.255,107
375,230
661,614
16,821
3,308,773
1,945,993
146,074
831,100
152,668
3,075,835
Page 15 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
8. Tangible FixedA55ets
2024
2023
Cost
Additions
2,040
2,040
C105ing Cost at 5 Aprll
2,040
2,040
Depreciation
Bought forward
Char8e
12,0401
11,6321
14081
Closing Cost at S April
12.0401
12,0401
Net Book Value at 5 Aprll
9. Debtors
2024
2023
Debtors
10. Prepayments
2024
2023
Prepayments
11. Creditors.. Amountsfvlling due withln one year
2024
2023
Accruals
2,521
1,020
12. Movement in Funds
Incoming
res¢)urces
Resources
expended
Galns and
Losses
At 6th Aprll 2023
At Sth Aprll 2024
Unrestrirted Funds
General Funds
3,210,434
49,124 {114,776} 282,725
3,427,507
Total Charity Funds
3.210,434
49,124 {114,7761 282,725
3,427,507
Page 16 of 17

The Linden Charitable Trust
Notes to the Financial Statements
For the year ended 5th April 2024
13. Related Party Trans(Jctions
One trustee is paid to provide professional accountancy services via a related party, details of the
costs are captured in note 6 of the accounts £1,450 (2023 £1,380). All other trustees give their tirne
and expertise freely.
Page 17 of 17