REGISTERED CHARrrY NUMBER: 516967
REPORT OF THE TRUSTEES AND
UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
LUCY PRICE REUEF IN NEED CHARrrY
LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

LUCY PRICE RELIEF IN NEED CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
Page
Report of the Trustees
1 to 2
Independent Examinerfs Report
statement of Flnancial Activities
Balance Sheet
Notes to the Financial Statements
6 to 12
Detailed Statement of Financial Actlvltles
13

LUCY PRICE RELIEF IN NEED CHARITY
REPORT OF THE TRUSTEES
for tl)¥ yeai" 31 t)¥￿[11b￿r 2023
The trustees present their report with the financial ststemenls of the charity for the year ended
31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Rerxjrting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019).
The Charity was established by the Chanty Commissioners, Scheme dated 4th January 1982.
OBJECTWES AND ACTIVITIES
Significant activitie5
The charity makes grants to-individuals in the Parish of Baginton under the terms of the Charity Commission
Scheme date 4th January 1982.
Public benefit
In setting our objectives and planning our activities the Trustees have given careful consideration lo the Charity
Commissioners, general guidance on Public Benefit.
ACHIEVEMENT AND PERFORMANCE
Investment performance
The investment value of the capital fund, at £1,960,726 15 above the ind8x linked ring fenced" requirement of
£1.605,070 vthich is considered by the trustees to be a prudent index linked growth larget based on the fund
values at 31st December 2007.
The trustees consider that the investment performance is in line with their expectations.
FINANCIAL REVIEW
Flnanclal position
The Trust continues to operate in a prudent mode and will continue to do so until investrnent values have
stabilised. The investment value of th8 capital fund, at £1,784,204 is b@low the index linked 'ring fenced"
requirement of £1,914,768. This has arisen due to difficult global market conditions in a year of very high inflation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was established by the Charity Commissioners, Scheme dated 4th January 1982.
Under the temis of the Scheme dated 4th January 1982 the Charity received on capital accounts from the Charity
known as the Foundation of Mrs Price, of Price's School at Baginton, 17150ths of certain specified investments.
In addition the Charity was entitled to receive for the benefit of its foundation 17150ths of all capital re￿iptS
accruing to the Lucy Price Wasperton Estate Charity (including net royalties relating to mineral rights. if any). The
Lucy Price Wasperton Estate Charity has disposed of its assets and appropriated the cash in accordance with the
17150ths split and no further funds will be received by this charity from this source. The income generated on
these capital accounts is credited to Ihe Charity's Restricted Income Fund. These investments are held as the
main income generator of the Charity.
Recruitment and appointment of new trustees
Trustees are nominated by the Parochial Church Council and the Pansh Council of Baginton
Oryanisational structure
While the Clerk to the Trust8es maintains the financial re￿rdS and deals with secretarial mattèrs on a day to day
basis the Trustees m88t regularly to linter alia) consider and decide upon numerous granl applications from
individuals and organisations, and to monitor and resolv8 on the Charty's investments and other 85sets. The
Trustees do not receiv6 any r8muneration for their servic8S.
Declslon making
The Trustees are advised by Corrigans. Coventy as to their investments
Page 1

LUCY PRICE RELIEF IN NEED CHARITY
REPORT OF THE TRUSTEES
for the year ended 31 December 2023
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered Charity number
516967
Princlpal address
clo Della Thomas
13 Hdly Walk
Baginton
Warwickshire
CV8 3AE
Trustsos
D F J Hewer (decoas8d 30.9.23)
L Given
N Thomas
S Williams
R Newman
L Deslandes
Independent Examlnar
LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
Clerk
D Thomas
Bankèrs
Lloyds Bank PLC, Parade, Le8miThJton Spa
Financial Advisors
Corrigans, Coventry
Approved by order of the board oftrustees on .........................,,.................. and signed on its behalfby..
L Given - Trustee
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LUCY PRICE RELIEF IN NEED CHARITY
Independent examinerfs report to the trustses of Lucy Price Relief In Need Charlty
I report to the charity trustees on my examination of the accounts of Lucy pri￿ Relief In Need Charity (the Trust)
for the year Ènded 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the ACV).
I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and in
carrying out my examination I have followed all applicable Directions given by the Charity Commission under
Section 145{5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I cx)nfirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material ￿SpeCt..
accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or
the accounts do not accord wth Ihose records: or
the accounts do not comply with the appliczble requirements conceming the fom and content of accounts
set out in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a matter considered as part of an independent 8xamination.
I have no concems and have come across no other matters in connection 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.
M D Spafford FCCA ACA
LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
Date: ............................................
Page 3

LUCY PRICE REUEF IN NEED CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023
2023
2022
Accumulated Foundation
Income
Capital
Fund
Fund
Unrestricted
fund
Total
funds
Total
funds
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
7.860
7,860
796
Investment income
27,334
27,334
29,926
Totsl
7,860
27,334
35,194
30,722
EXPENDITURE ON
Raising funds
123
123
Charitable activities
Grant making
40,364
40,364
86,948
Total
40.487
40.487
86,948
Net gainsl{lossesl on
investments
84,560
84,560
(278,342)
NET
INCOMEI{EXPENDITURE)
Transfers between funds
(32.627)
40,000
111,894
(40,000)
79.267
{334,568)
Net movement In funds
7,373
71,894
79,267
{334,5681
RECONCILIATION OF
FUNDS
Total funds brought forward
42,351
1.712,311
1,754,662
2,089,230
TOTAL FUNDS CARRIED
FORWARD
49,724
1.784,205
1,833,929
1.754,662
The notes fomi part of these financial statements
Page 4

LUCY PRICE RELIEF IN NEED CHARITY
BALANCE SHEET
31 December 2023
2023
2022
Accumulated Foundation
Income
Capital
Fund
Fund
Unrestricted
fund
Total
funds
Total
funds
Notes
FIXED ASSETS
Investments
1,784,205
1,784,205
1.712,311
CURRENT ASSETS
Cash at bank
50,824
50,824
43,328
CREDITORS
A[r￿Unts lalling due within one
year
(1.100)
(1,100)
(9T1)
NET CURRENT ASSETS
49.724
49.724
42.351
TOTAL ASSETS LESS
CURRENT LIABILITIES
49,724
1,784,205
1.833.929
1,754.662
NET ASSErs
49,724
1.784,205
1.833,929
1,754,662
FUNDS
Restricted funds..
Acujmulated Income Frjnd
Foundation Capital Fund
49,724
1,784,205
42,351
1,712,311
1,833,929
1,754,662
TOTAL FUNDS
1.833,929
1,754,662
Thè flnancial ststements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by:
L Given - Trustee
The notes form part of these financial statements
Page 5

LUCY PRICE RELIEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POLICIES
Basis of prapartng the financlal statements
The financial statements of Ihe charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities:
Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1
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 convenb'on, with the eX￿PtiOn of investments which are included at market value. as
modified by the revaluab'on of ￿rtain assets.
Income
All income is recognised in the Ststement of Financial Activities once Ihe charity has entiuement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Under the terms of the Scheme dated 4th January 1982 the Charity re￿IVed on capital accounts from the
Charity known as the Foundation of Mrs Price. of pri￿'s School at Baginton, 17150ths of ￿rtain speciFied
investments. In addiiion the Charity was entitled to receive for the benefit of its foundation 17150ths of all
C2Pital re￿Ipts accruing to the Lucy Pri￿ Wasperton Esiale Charity linduding net royalties relating to
mineral rights, rf any). The Lucy Price Wasperton Estate Charity is now dosed. The income generated on
these capital accounts is credited to the Charity's Restricted Income Fund. These investments are held as
the main income generator of the Charity.
Similarfy the Charity was entitled to raceive on income account 17150ths of the rents and other income,
less expenses, of the Lucy Pri￿ Wasperton Estate Charity. The Lucy Price Wasperton Estate Charity has
disposed of its assets and appropriated the cash in accordance with the 17150ths split and no further fvnds
11 bé received by this charity from this source. Additionally, the Charity receives interest on investments
and other interést which is credited to the income acxount when received. Where dividends are
accumulated into the investment fijnd, then they are recognised as part of the uplift in value of that fijnd,
and not as part of income. These investments are h81d as the main income generator of the Charity.
APPLICATION OF INCOME:
Clauses 34 and 35 of the Schem8 datéd 4th January 1982 provides that..
1 } The Trustees shall appty the clear income of the Relief in Need CharFty in relieving either generally or
individually persons under the age of 25 years who are in conditions of need. hardship or distress by
making grants of money or providing or paying for items, services or facilsties calculated to raduce the
need. hardship or distress of such persons.
2) The Trustees may pay for such items, ServI￿S or facilities by way of donations or subscriptions to
institutions or organisations which provide or which undertake in return to provide suth items. services or
facilities for such persons.
3) In applying income under the provisions of this Clause, preference shall be given to persons qualified
as aforesaid who are resident in the Parish of Baginton.
41 Restrictions
in applying the income for relief in need the Trustees shall observe the ft)Ilowing
restrictions-
a) they shall not apply any part of the income directly in relief of ￿tes. taxes or other public funds but may
apply income in supplementing relief or assistance provided out of public funds.
b) Ihey shall not commit themselves to repeat or renew the relief granted on any occasion in any case.
Page 6
continued...

LUCY PRICE RELIEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
for the year ended 31 December 2023
ACCOUNTING POLICIES- continued
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
Ihe chartty to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amount of Ihe obligation can be measured reliably. Exp8nditure is accounted for on an
accruals basis and has been dassified under headings that aggregate all cost related to the category.
Whare costs cannot be directty attributed to particular headings they have been all¢xated to aclivitias on a
basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at Ihe year end date are noted as a
commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of th8
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restiicted pU￿OS&s.
Restricted Foundallon Capital Fund
This fund is considered by the Trustees to be that of an expendable endowment and, as such. all
inveslments have been classified as capital.
Following the review of the fund, it consists of an increased proportion of accumulation funds and, as
such, the Trustees propose to disp)se of units in investment funds, as advised, in order to fund any
income shortfall. The Trustees have also passed a resolution whereby they have ring-fen￿d £1,065,500
of the capital fund so as not to be disposed of. They will increase this £1,065,51)O valuation annually
indexed to inflation so as to protect the long-term future of incoming resources for the Charity. At 31st
[}e￿mber 2022, its indexed valuation is £1,914,768. The Trustees will endeavour to maintsin the fund
value above the indexed valuation level.
Restricted Accumulated Income Fund
Similarly th8 Charity was entitled to receive on income account 17150ths of the rents and other income,
less expenses, of the Lucy Price Wasperton Estate Charity. The Lucy Price Wasperton Estate Charity
has disposed of its assets and appropriated the cash in accordan￿ with the 17150ths split and no further
nds will be received by this charity from this source. Addth"onally, the Charty re￿iVeS interest on
investmerrts and other interest which is credited to the income account when received. Where dividends
are accumulated into the investment fund. then they are recognised as part of the uplift in value of that
fulld, and not as part of income. These investments are held as the main income generator of the Charity.
Investments
Investments are valued at market value at 31 December.
Page 7
continued...

LUCY PRICE RELIEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023
DONATIONS AND LEGACIES
2023
2022
Donations
7,860
796
INVESTMENT INCOME
2023
2022
Dividends from fixed asset investments
Interest receivable
Investment incorne
10,466
16.869
{1)
14.208
15,718
27,334
29.926
GRANTS PAYABLE
2023
2022
Grant making
39,285
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefrts for the year ended 31 De￿mber 2023 nor for the
year ended 31 December 2022.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 Dec8mber 2023 nor for the year ended
31 Dec8mber 2022.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Accumulated Foundation
Income
Capital
Fund
Fund
Unrestricted
fund
Tolal
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
796
796
Investment income
29,926
29,926
Total
796
29,926
30,722
EXPENDrruRE ON
Charitable actlvliles
Grant making
86,948
86,948
Net gainsl(losses) on investments
(278,342)
(278,342)
NET INCOMEI(EXPENDITURE)
(86,152)
(248,416)
(334,5681
Page 8
continued...

LUCY PRICE RELIEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnued
Accumulated Foundation
Income
Capital
Fund
Fund
Unrestricted
fund
Total
funds
RECONCILIATION OF FUNDS
Total funds brought forward
128,503
1,960,727
2.089,230
TOTAL FUNDS CARRIED FORWARD
42,351
1.712,311
1,754,662
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 January 2023
Additions
Diswsals
Revaluations
1.712,311
27.334
{37,464)
82,024
At 31 De￿rnber 2023
1,784,205
NET BOOK VALUE
At 31 De￿mber 2023
1,784,205
At 31 December 2022
1,712,311
There were no investment assets outside the UK.
Cosl or valualior) al 31 December 2023 is represented by=
Llsted
investment
Valuation in 2023
1,784,205
Page 9
continued...

LUCY PRICE RELIEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
for the year ended 31 December 2023
CREDITORS: AMOUNTS FALLING DUE y￿rHIN ONE YEAR
2023
2022
Other creditors
1,100
977
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
betMeen
funds
At1.1.23
31.12.23
Restricted funds
Accumulated Income Fund
Foundation Capital Fund
42,351
1,712.311
132,6271
111,894
40.000
140,000)
49.724
1,784,205
1.754,662
79.267
1,833.929
TOTAL FUNDS
1,754.662
79,267
1,833.929
Net movement in funds, included in the above are as follows-.
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Restricted funds
Accumulated Income Fund
Foundation Capital Fund
7,860
27,334
140,4871
(32,627)
111,894
84,560
35,194
140,487)
84,560
79,267
TOTAL FUNDS
35,194
(40,487)
84,560
79,267
Comparatives for movement in funds
Net
movement
in funds
At
31.12.22
At1.1.22
Restricted funds
Accumulated Income Fund
Foundation Capitsl Fund
128,503
1.960,727
186,152)
(248,416)
42,351
1,712.311
2,089,230
{334,568)
1,754,662
TOTAL FUNDS
2,089,230
{334,568)
1,754.662
Page 10
continued...

LUCY PRICE REUEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS - contlnued
for the year ended 31 December 2023
MOVEMENT IN FUNDS- continued
Comparative net movem8nt in fvjnds, induded in the above aro as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Restrfcted funds
Accumulated Income Fund
Foundation Capital Fund
796
29,926
{86,948)
(86,152)
(248,416)
1278,342)
30,722
{86,9481
(278,342)
{334,568)
TOTAL FUNDS
30,722
(86,9481
(278,342)
1334,5681
A (XJ￿ent year 12 months and prior year 12 months combined posibon is as follows..
Net
movement
in funds
Transfers
between
funds
At
31.12.23
At 1.1.22
Restricted funds
Accumulated Income Fund
Foundation Capital Fund
128,503
1,960,727
(118.7791
(136,5221
40,000
140,000)
49.724
1,784,205
2,089.230
{255,301)
1.833,929
TOTAL FUNDS
2,089,230
(255,301)
1,833,929
A current year 12 months and prior year 12 months combined net movement in funds. induded in the
above are as follow5..
Incoming
reSoUr￿S
Resources
expended
Gains and
losses
Movement
in funds
Restricted funds
Accumulated Income Fund
Foundation Capital Fund
8,656
57,260
(127,435)
(118.779)
(136.522)
1193,782)
65.916
(127,435)
{193,782)
(255.301 }
TOTAL FUNDS
65.916
(127.4351
(193,782)
1255,3011
Page11
continued...

LUCY PRICE REUEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023
10.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
11.
COMMITMENTS AT 31ST DECEMBER 2023
A number of grants made by the Trustees relate to students attending University or College. While such
grants are normally approved on an 'academic yeart basis they are paid by three equal instslments on a
em)If basis. No provision has been made in these financial statements for Spring and Summer Term
instalments payable in 2024, which are well covered by unallocated and subsequent Charity income.
Page 12

LUCY PRICE RELIEF IN NEED CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023
2023
2022
INCOME AND ENDOWMENTS
Donations and legacies
Donations
7,860
796
Investment income
Dividends from fixed asset investments
Interest receivable
Investment income
10,466
16,869
(1)
14,208
15,718
29.926
Total incoming resources
35,194
30,722
EXPENDrruRE
Charitable activities
Grants to individuals
34,946
39,285
Support costs
Management
Sundries
293
42,893
Finance
Clerk's honorarium
4,075
3,750
Governance costs
Independent Examiner's fee
1,173
1,020
Total resources expended
40,487
86,948
Net expendlture before galns and losses
(5,293)
156,2261
Reallsed recognised galns and losses
Realised gainslllosses) on fixed asset
investments
2,536
Net expenditure
(2,757)
(56,226)
This page does not form part of the statutory financial statements
Page 13