REGISTERED CHARrrY NUMBEFL" 627616 R• rt ofthe Tntstees and for the Year Ended 31 March 2025 Foundation of Chrisfs Hos Lincoln ital at Foundalton of ChTisfs Has Lincoln ital at nt¢nts of the Flnanclal Statements for the ear ended 31 M*r¢h 2025 Page Report of the Tntstees 1 to 5 Independent Examinerfs Report Statsment of Financial Position Staternent of Cash Flows Notes to the Statement ol Cash Flows 10 Notss to the Finan¢ial Statem 11 to 18 Foundation of Chrisfs Hos Lin¢oln alat R¢ forth• ear ended 31 March 2025 The ttustees present their report with the financial statements of the chartty for the yeat ended 31 March 2025. The trustees have adopted the provisions of Accx)unts"ng and RetKJttng by Charities.. SlalerTEnt of Recommended Practice applicable to charrtEs preparing therr actounts in W£0[dan￿ wth the Financial Reporb"ng Standard apr￿1¢￿ble in the UK and Republtc of IteEand IFRS 102) leffedNe 1 January 2019). Governance The tharity is presenuy govemed by a Chanty Commiss*)n dated 2 August 1983 which aTTh9kJamated the previous charity of this with a separate chartty ￿lled The Lincoln ￿(￿11. The st*heTh number is L4-527 61618. Governors The governo￿ have served as sta￿1 on paJes 4. OBJECTIVES AND ACTWMES Objocttves and aims Sn setting our objecb"ves, govemors have given carefvl ￿nSideratIon to The Charity Commission's general guidance on publi¢ benefit and in p8￿CUlar to its supplementary public benefit guidance on advancing ajucation. The charty's main objective is as fdkwts."- Subject to paymanl of the charFty's administration and Maintenan￿ expenses. the In(￿rne generated by the charity is devoted to the advan￿ment of education for IT￿]v￿lUals. t￿th ￿sle they are pupils at the Lincoln Chrisvs Hospital School and during ftjrther education up to the age of 25. This obJ.W￿Ve is aCh[eV￿ by providing grants, buildings, faciliti.es and open spaces to tx)th indNMJuals and organisat¥)n& Page 1 Foundalion of Chrisfs Has Lincoln ital at for the ear ended 31 March 202 ACHIEVEMENT8 AND PERFORMANCE Charitable activities The Foundab"on not only owns the school premises and surrounding lartds but oLJnbnues to support the school to preserve and enha[￿ the fabriG of the buiklings as part of the ongoing rna1ntenan￿ plan WOTking closely with the schwl Finan￿ and Estates & F￿111b"eS team. The agreed cost split continues to remain a 500h contiibution from the Foundation fvnds wtth the remainder coming from the schcK)Ls' (Mn budget The main items of expenditure for tl)is financial year induded the finalisation of the repl￿ment of gymnasium knr. the ongoing payr￿nt of computer leases, the Calladine boiler, and the funding and laund) of the first UK stste schools. digita] archive (named the Behenna Archive after its first Heay T￿her) with support from The National Archwes in Kew. The Foundation watmly welcorn￿ the appointrnent of The Rev Canon Rowena King as the rep￿ntatIVe of the Dean and Chawer maintaining the schools. ¢￿tUrIeS ohj rektionship wrth Lino)In Cathedral. All intemal finanual control documents and good g0Vemar￿ FtJli¢xs r￿MMe[KIed by The Charity Commission for England and Wales hav8 been implemented and are re￿ew￿l and amended (tr rwuiredl on an annual basis. All teTms of feferen(E for each comrnsttee and suWroup wtll ￿ rewamtEd and UFxJated in November 2025 prior tr) the cu￿ent Chairfs departure. Succession ptans and new re(￿l￿nt is in hand to ensure that the handovers of the main Foundation arKI indwidual suwroup comm[tt￿. transrtton Sr￿ty. The LCHS@50 SU￿)mn1ttee celebrated the 50th annNersary of ￿n[￿e￿$T￿e edU￿b"On on site when four Lincoln schwls merged to fomi Lin(x)In Christ's Hospital School over 3 days from 13 September 2024. Celebratory activities included the alx)ve-ment1or￿d digttal arthive launth with fTEmber5 of the Behenna farnily with local dignrtaries and rned￿ in attendan￿. UpFEr and lower schwl students buri￿1 time txpsules, presentations. exhibitions. lours and various entertainments provKled by Ihe pupils ensured that the long weekend was a roaring Suc￿$ Wbth over 1500 visitors from over 30 countries atteThJing the g*(N)l. The school and ts students featured in various BBC programmes and I￿21 publintions. A Soth anniversary badge was designed by a year 7 student and all students and the whole school (yjmfftuntiy t￿lved a grft frDm the Foundation of Chrisfs Hospital at Lincoln to mark the speaal occasion. A legacy programme has arisen from ts LCHS@50 cxyMMrtt￿ induding pkdged donations. new Foundation govemors, ￿reer$ assistance to the Sth￿l. arthive rroterials aThl an annual art prize a￿ngst other activities. The Foundation donated sums of nK￿eY totslling £63.975 (a d￿se from 2024) to sbjdents to enable them to continue their undergraduate ￿u￿tiOn in accordan￿ wrth the tharity's main obpcbve. A veriffcAtion and grants policy protocol wnfirtTEd that the r4uests were genuine and the aspirations realistiG. The students used these funds for a variety of rea9)ns. mainty for items of equipmen( bcKJks and travel assistan￿ relat￿￿ to their ongoing studies, bul throughout 2023124 m(￿e requests were forthcoming reL8ting to spiralling a¢X£)mrT￿Iation LL)sts. Many students woukl have been unable to extend and ¢(￿plete their education without the Foundation's ongoing assistance. It is likaty that a small donab.on V￿11 bg received from Ihe rbCVI defvn¢X Old Lin￿InianS Edu￿tion Fund to assist further in this area. The Garton archivist funded by the Foundatson cLJntinues to prepare and distribute various ¢xx2sional papers and presentatDns to the wblic throughoLrt this ac(x>unling perKxJ wtth the arthNes being OPEned on a regular basis for academic research, journalists. authors and rrEmbers of the public. Two assistant arChiv￿t$ have been appointed to the Garton Archive to enable the C￿￿tinUatiOn of work especjalty rekkn.ng to the ￿"r￿oI￿ Chrisfs Hospital Girfs. High Schwl (both are ex-LHS alumn*l. The Chair and a member of the sthods marketing team continue trj provide dvJital urmlates tsvi￿ a year to the Behenna ￿ChNe via SDS Herttage. L(0 in details are as follows." www. LCHS.archives.co.uk Usemame.. LCHS-archive Password". Ichs1974+ Page 2 Foundation of Chr15fs Hos Lincoln for the ¢ar ended 31 Mar¢h 2025 RathLKines are now managing our investrrEnt worwJernent txyknlio assets. Our e￿Sting investnMt manager and his SUPFX)rt team remains unaltered and it is cnnshlerpd 'bU￿r￿ as usual,. The FinaTr￿ Committee team from the Foundation have worked hard to manage the funds maknng S(KI￿ ditfKult deasions during this chaotic ge￿pol1b.￿l Further independent reviews of OUT fmyltolio will rrjnlinue to take p￿e on an ongoiThJ annual basis. FINANCIAL REVIEW Investment policy and obiectsves The objective of the Foundab'on's finanaal pians are to have a welkbalanc8J. M￿lIuM risk portfolio. Our wrtfolio weighting by asset cra&8 is as follows: 23% Fixed Inox)me {made up of 13.60A UK Gitts. 2.7% Corwrate Bonds arKI 6.7Q/o Intemational Bonds), 16.2% UK Equity. 45.6. % oVe￿S Equity (with no commitments in Middle East or Russial. 4.1% Commercial P￿perty, Attemative Investments 10.5% aThl Cash 0.7%. This portfolio with rebjrns arKI the risk wlicy are reviewed on a regular basis by the Foundakn's Finan￿ Committee. The current year ended wlh volatility in the markets especialty with the US market due to its major impact on the current dimate due to the tariffs, eccentrictties and in¢onsistenaes of the new US administrab"on. Notwithstanding. despite a diffi￿lt Iwelve morEths the investrrEnt fund was still up by £43,000 with an annual total retum on the rtfolio of 8.8% for the year ending 31 Marth 2025. Reservos policy The trustees believe that the tharity is a V[ab￿ going (x)rMwn with fr* reseNes of £5.541 {2024. £69.6651 and suffiaent operational reserves to (x)ver essential tx)sts b￿ng the Cle￿$ fees, archivis¥s fees and Independent Examinerfs I￿S wh#* are annualty approximatety in the regK)n Of£7.[￿￿, £5.000 aThl £4,000 respectivety. THE GOVERNORS OF THE FOUNDATK)N OF CHRISTS HosprrAL AT UNCOLN The govemors of Ihe above tnjst submit their annua r2FKrt and ￿￿ntS for the year ended 31 March 2025 and confirm that the financial stat￿ts eoTr¥Jty stakntory requirprnents and the Charity Cornmi&sion's Scheme. The investment and donation income of the trust vras £46,613 {2024.. £67.459) the donat￿￿8 have now retumed to a more norrnal level following a prewous years. laffje donation to the main school boilers. FUTURE PLANS The Foundation have set an agre&Y threshokJ1£1.ofKI.C￿) on their a0￿Unts in order that the charity (xn continue in aetemum. The Foundation has a sutxessKJn plan in plats to repla￿ existing I￿￿t*S with various rotational and retiring trustees in order to keep the Foundation fresh and challenged Eo (x)nstanlJy improve the effi￿enCY of tt)e tharity. Lirbcoln City CIxAnal continue to t￿¥￿Je a representative from the St Giles ward in line with kn(21 el￿tion caleTrlar commitments. Five Foundation tnjstees cont.nue lo form of the schod goveming (M￿r$ Holt, Watson. Barker, Males and Daty). The Foundation continue to maintain their fijll quota of govemors and members on the sch(K)I goveming tKty and thus mainta.ns frJH (x)ntrd of this tKxty akn. The current Chair wll step down in D￿M￿r 2025 and i% bel￿ repl￿8￿ by current vi(￿haIr, Mark Edgar to ensure contnuty ofthe Foundation s actNrties. The Foundation remains (x)mmitt&J to supporbng even fTK)re students with grant payments moving foNard. STRUCTURE. GOVERNANCE AND MANAGEMEKr Governing document The charity is cx)ntrolled by its govemirw doc#Jmen( a deed of lJust and (wistiilrtes an unincA)fF*Nated charity. Page 3 Foundation of Chrisfs Ilos Lincoln ital at Re forthe ear ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMEKr Recruitment and appointment of new governorsltru New trustees are either notninated or CCtrOPted in line wtth the cJ)nstitiJtion. New twstees are en(x)uraged to ac￿8 various online training resour￿. The Chair has attended th￿ chanty seminars Ihis accounting period telating to updates on The CharttEs Acts 2022. It i% like￿ that four tn￿st￿ wll shortty te joining the Foundation (all recruited from the LCHS@50 ￿tebratiOnS). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 527616 Prin¢ipal address Wragby Road LINCOLN Lincolnshire LN2 4PN Trustees Mr A Mills Mr P Harrod Mr D Gibbons Mt5 J Daly Mrs Hof( Ms N Clarke Mi P Beighton Mr C Milne5 Mr J Males Mr J G 8arker Mr P Watson Mr N Potter Mr M Edgar Independent Examiner Mr Steven Robinson ACA Nicholsons Chartered Accountarrts Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN Page 4 Foundation of Chrlsfs Hos Lincoln alat for the ear ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS GOVERNORS Chair '. Mr S Hott Vice Chair. Mr M Edgar Govemors- Mrs J Daly The Rev Canon Rowena Mr P Harrod Mr D Gibbons Mr C Milnes Mr J Barker Mr P Beighton Mr P Watso Mr N Potter Cllr N Clarke Mr J Males Cwptativ• . Mrs J Daty MrJ Males Clerks Address: Mrs L Martin clo LinoL)In ChTisfs Hospttal Schcxil Wragby Ro*J LINCOLN Lincolnshire LN2 4PN Inv•stment Advisers Rathbones lincorporab.ng Investec Weatth & Investrnent Limrted) Quayside House Canal ￿arf Leeds LS11 5PV CORRESPONDENCE Enquiries should be athjtessed to Mrs Lyrxla Martin. clo LIn￿1n Chrisvs Hospital Schooi. Wragby Road, Lincoln LN2 4PN. Approved by order of the board oftnjstees on ........ ... Mr S Holt- Trustee Page 5 Inde ndent Examinerfs Re rt to the Trustees of Foundati¢>n Chrisvs Hos itsl at Lincoln Independ•nt •xaminerfs report to the tn￿ of Foundation of Christ's Hospital at Lincoln I report lo the charity trustees on my examinatKJn of the ￿(￿)Unts of FourKlation of ChTisfs Hospital at LIn￿1n {Ihe Trust} for the year ended 31 March 2025. Resportsibilities and basi5 of report As the charity trustees of the Trust you are reSrx)nSib￿ for the preparatson of Ihe a(xounts in aco)rd8rKÈ with Jhe requIre￿nts of the Chartttes Act 2011 Acri. I report in respect of my examination of the Trus¥s accDunts raryi&J out uThler SeclK)n 145 of the Acl and in (srrying out my examinatK>n I have folkAved all appIl￿b￿ Dire(thns given by Charity Commission under Sects'on 145151{bl of the ACL Independent examinerfs statement I have completed my examination. I wnfirm that no material matters have ￿me to my attention in ConTr￿￿on with the examinat'on gNing fTE cause to trElieve that in any reswt accounting re￿rdS wete not kept in res￿ ofthe TnBt as wuired by Section 130 ofthe Act,. or the accounts do not accord wtth those re￿rds. or the aC￿unts do nol comply Mth the appli(2b￿ reqUire[r￿tS (¥xThmiThJ the foTm aTMI contenl of ac(x)unts set out in the Charities IAccDunts and Reports) RegulatK)ns 2(K>8 other than any requirerrEnt that the atr￿Unts gNe a tnje and fair vtew whth is not a matterixjnsidered as part of an indèp8ndent exarnination. I have no cimcems and have come across no other IT￿[5 in conneclion with the exaTninab"on to which attention should be drawn in this report in order to enabk a pmtw UndetstandI￿ of the acrounts to te reached. Mr Steven Robinson ACA Nicholsons Chartered Accountsnts Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN Date.. Page 6 Foundation of Chfists Hos Lincoln Statemert of Financial Activilies ft•rthe ear ended 31 March 2025 2(Y25 Total funds 2024 Total funds UnrestrKtsI Restricled fvnd funds Notes INCOME AND ENDOWMEKfs FROM Donations and legaryes 3.693 3.693 8,47S Investsnent inwrre other income 20,0( 22.916 20,D06 22.916 20,137 38,847 Total 46.615 46.615 67,459 EXPENDITURE ON Raising funds 3.162 3.162 9,696 Charitable actlvities Charilable activities 95.338 95,338 364.620 Total 98,SIK) 98,500 374.316 Net gains on investsnents 28.948 28.948 47.809 NET INCOMEIIEXPENDrruRE) (22.937} 122.937) 1259,0481 RECONCILIATION OF FUNDS Total fvnds brought forward 1.414.236 164.083 1.578.319 1,837,367 TOTAL FUNDS CARRIED FORWARD 1.391.299 164.083 1.555,382 1,578.319 The Th)tes form part of these filyan￿al statements Page 7 Foundation of Chri5Ys Hos Lincoln ital at Statement of Finan¢ial Positson 31 March 2025 2025 Total nds 2024 Total fvnds Unrestric￿% fund funds FIXED ASSETS Tangible assets Investments Investments Investrnent property 10 2.430 62,430 2,430 11 12 920.029 156.000 1.076,029 400,000 1.038,141 400.000 1.382.459 156,LK)O 1,538,459 1,500,571 CURREKf ASSErs Debtors Cash at bank 13 32,884 8.985 32.884 17,068 32.047 76.830 8.083 41,869 8.083 49.952 108.877 CREDrroRS Arnounts falling due wrthin one year 14 (33.0291 133,0291 {31,1291 NET CURRENT ASSETS 16,923 77,748 TOTAL ASSETS LESS CURRENT LIABILITIES 1,391.299 164,083 1.555,382 1,578,319 NET ASSETS 1.391.299 164.083 1.555.3￿2 1,578,319 FUNDS Unrestricted fvnds Restrided fvnds 16 1.391,299 164,083 1,414,236 164,083 TOTAL FUNDS 1.555,3W2 1.578,319 The financial statements were approved by the Board of Trustees and authorised for issue on .. and were ￿gned (m its behalf by." Mr S Holt- Trustee The notes fomi part of these finanaai statemenis Page 8 Foundation of Christs Hos Lin¢oln ital at Statsm•nt of Cash Flows for the ear ended 31 March 2025 2025 2024 Cash flows Irom operating activities Cash generated from OFErations {58.518} (319.755} Net cash used in 0￿ratir￿ aCtiV￿eS {58,518} 1319.75S) ash flows from inv•sting aCtsvit￿S Purchase offixed assel investments Sale of fixed asset investrnents Interest r￿￿ed {168,5711 159.631 276 1148,6271 426,143 337 Net (zsh (used inyprovided by investing xbvrties {8.6641 277.853 Change in cash and ¢Ash •qufv#lents In the Teporting peri¢xl Cash and cash equivalents at the beginning of the reporting period (67.182) (41.9021 76.830 118,732 Cash and cash equiv21ents atthe end of the reporting peritxl 9.648 76.830 The notes f(wm part ofthe5e financial statements Page 9 Foundation of Chrisfs Hos Lincoln ital at Notes to th? Statement of Cash Flows for the ear ended 31 Ma￿￿ 2025 RECONCIUATION OF NEf EXPENDMJRE TO NET CASH FLOW FROM OPERATING ACTNMES 2025 2024 Net ex￿ndItUre for the reporting ￿TIOd (as per the Statemth of Finan¢sal Activit￿s} Adju51ments for. Gain on investments Interest re￿￿￿ed Increase in debtOT5 IDecrease)fincrease in ¢[￿lt0[5 (22,9371 1259,0481 128,948) 12761 (8371 {5.5201 {47,8091 {3371 (19,4171 6,856 Net cash used in operations (58.518) {319,7551 ANALYS18 OF CASH AND CASH EQU1VALEP￿s 2025 2024 NotKE de[￿￿ts (kn than 3 rmnthsl ove￿raftS included in bank loans and overdrafts fdfirwJ due within year I7,(￿8 (7.420} 76,830 Total (xsh and cash g]UNalents 9,648 76,830 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash 11ow At 31.3.25 Net cash Cash at bank Bank overdraft 76.830 (59.7K21 (7.420} 17.068 {7,4201 76.830 {67.1821 9,648 Totsl 76.830 167,1821 9,648 The notes fom part of these finatKial statements Page 10 Foundation of Chrf5fs H Lincoln itsl at Notss to the Financial Statements for the ear ended 31 March 2026 ACCOUNTING POUCIES Basis of Preparing the financlal statements The financial statements of the charity, whth is a publrc benefft entity under FRS 102. have been preparnd in accordan￿ with the Charities SORP IFRS 1021 'Accounting and Rewrting by charit￿". Statement of RecA)mfnended Practi￿ applKzble to tharttFes preparing their aux)unts in acts)rdan￿ with the Finan￿al Reporttng Standard appli(xble in the UK and Republ￿ of Ire￿nd {FRS 1021 (effective 1 January 20191., Financial RetK)rting Standard 102 The Retth"ng Stsndard applicAble in the UK and Republic of Ireland, and the Charities Act 2011. The finan¢rd staten￿ts have been prepared under the hisloriGal cost convention, wth the excepb'on of investments whth are indud&l at matket walue, as modified by the revaluab.on of ￿rt￿n a￿ts. In¢ome All income is recognised in the StaterrEnt of Fina￿la1 Athl1￿ On￿ the charity has entthment to the funds, it is probabEe that the infX)me wll rec￿ed and the amount can be measured reliably. Income is taken intr) credit by referen￿ to the date of pay￿Ent of dmdends or the date on which interest is Gredited to Trust deposits. No credit is taken for dwidends or interest aecruing. Expenditure Liabilities are recogniwj as exF*ndilure as soon as there is a I￿al or c4)nstruthe obligation wmmith.ng the charity to that exttndtture. it is probable that a transler of econo￿4¢ beneffts wtll be required in settlement and the an￿Unt of the o￿lgatIon rxn rI￿asured rElkgW. Expenditure is acc4)unted for on an accruals basis and has been dassified under heajings that aggregate all (x)st related to the (xtegory. Vvhere costs cannot direcuy attributed to part[0J￿r heajings have ￿en allocated to activths on a basis consistent with the use of resources. Grants offered subject to condit￿nS wh￿h have not tr￿en met at the year end date are noted as a commitment not accrued as expenditure. Flxed assel investments InvestrrEnts are a fomi of basic financial instrurFEnt and are inittally recogniwj at their transaction value and subsequenuy measured at fair value as at Ihe balan￿ sheet date U￿ng the dosing quoted market pri￿. The staternent of finanaal acb"Mlies inctudes the nel gains and h)sses arising on revaluation and disposals throughout the year. The main fomi of financial risk faxd by the tharity is that of volatilty in mthets and investrnenl markets due lo wider economic ojndthns, the attibjde of investors to investsnent risk and changes in sentiment Con￿mIng equities arKI within pa￿CUlar sectors or sub sectors. Tangible fixed assets Tangible Fixed Assets are recorded at (x)st or, in Ihe events of g￿lS LErng donated. at valuakn'on at the tirr of a(4uisition. Investment property Investment propety is shown at fair value. Any chaw to the fair vdue are induded vthin the Statement of Financial Activities. Taxation The charity is exempt from tax on its tharilable ￿￿VibeS. Fund ac¢ourting Unrestricted fvnds me relates to rents re(x1V￿ on inve5tttEnt pr()￿tieS. thi5 a￿K)Urts to £22.916121Y24: £38,847). RAISING FUNDS Investment management costs 2025 2024 Rental expenses 3,162 10,810 CHARITA8LE ACTIVITIES COSTS Grant fvnding of activities (se8 note 7) Support cx)sls (see note 81 Direct Costs Totsls Charttable actswbes 8.135 63.975 23.228 95.338 Page 12 o)ntinued... F¢>undation of Chrisfs H Lincoln ital at Notes to th• Financial Statements - continu•d forthe ear ended 31 March 2025 GRAprfs PAYABLE 2025 2024 charitab￿ acbvities 63.975 336.403 Donations payable to institutions durirKJ the year armunted to £63.g75 (2024.. £336,403). SUPPORT COSTS (>)veman costs Finan other Totals ChaTtFable actNitss 8.771 8.892 5.565 23.228 Supwrt costs, induded in the atrnve. are as foll(yws: Finan¢e 2025 Charitable ac*vsties 2024 Total actiwties Investsnent manager fees 8,771 10,754 2025 Charitsble acb"vrties 2024 Total acb"vities Anhivists 8.892 537 Governance costs 2025 Charitable acts"viti8S 2024 Totsl ivities Independent examiner fee Accountants. remunerati( fees 4,318 3,011 1,862 8.884 1,247 5,565 13,757 TRUSTEES. REMUNERATION AND BENEFrrs None of the trustees ￿Ned any renwneralX￿ or dher EEneffts for the year erKled 31 Marth 2025 nor the year ended 31 Marth 2024. Page13 ntinued... Foundatk*n of Chfisvs Hos Lincoln Nots5 lo the Financial Statemets- continued for the ear ended 31 MaTch 2025 TRUSTEES. REMUNERATION AND BENEFrrs- ¢ontinu•d TNste¢s' expenses There were no tNstees' exrenses paKI ts fhe year end&1 31 March 2025 nor fDr the year ended 31 March 2024. 10. TANGIBLE FIXED ASSETS School premises COST At 1 April 2024 and 31 March 2025 62,430 BOOK VALUE At 31 March 2025 62,430 At 31 March 2024 62,430 The land represents the sch(x)I premises at ￿gbY Road, LirwlTb. This is a listed building dating from 1907. Along witti morè recent additions, it is Insp￿￿1 peTvyJically on beh￿f of the govemors by architects and surveyors. 11. FIXED ASSET INVESTMENrs Listed investments MARKET VALUE At 1 April 2024 Additions Disposals Revaluations 1,038,141 168,571 1159.6311 28,948 At 31 March 2025 1.076.029 NET BOOK VALUE At 31 March 2025 1,076.029 At 31 March 2024 1.038.141 There were no investment assets outsKk the U Cost or valuation at 31 March 2025 is represenbj by.. Listed investments Valuation in 2025 1,076,029 Page 14 (x)ntinu￿... ital at Lincoln 14otes to the Financial StateM￿tS- continued for the ear efided 31 March 2025 12. INVESTMENT PROPE FAIR VALUE At 1 April 2024 and 31 March 2025 400.(K)O NET BOOKVALUE At 31 March 2025 400,(XJO At 31 March 2024 400.000 Duiing the ￿riod the investment properbes were let or avaikble for let under 0￿rating l&*es. The amounts due under these leases are as follows" Wthin one year 32,500 £32,5C(I The investrrEnt property was valued in 2019 at an am(MJnt of £520,IK)O on an open Ma￿et basis. In the light of the current Un￿rtain [x)S￿on with Virgin MoneylNationwde and discJJssions wtth their Agents, Tpjstees consider that the propety value shoukl mainlan￿1 at £400.0(N). Had this propety not been impaired the cost of the investrnent protErty would have been £501,857. 13. DEBTORS: AMOUPWJ FALLING DUE vKfHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments 11.821 20.(x)O 226 20,000 3,298 32,684 32.047 14. CREDITORS: AmOU￿s FALLING DUE wrrHIN ONE YEAR 2025 2024 Bank108ns and overdrafts {see note 15) Trade creditors VAT AccNals and deferred incon 7,420 12,(￿1 1.414 12,134 1,7go 29,339 33,029 31.129 Page15 (x)nb'nued... Foundalion of Chrlsfs Hos Lincoln Notes to th• Financial Statements . conllnued forthe ear ended 31 March 2025 16. LOANS An analysis ofthe maturity of loans given bekyK. 2025 2024 Amounts fallirwJ due wthin one year on demand: Bank overdrafts 7,420 16. MOVEMENT IN FUNDS Net rrnverTEnt funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 1.414.236 {22,9371 1,391,299 RestTiCted funds Legacy monies Lintxjln High Schtr)I 8.083 156.000 8.083 156,000 164,083 164,083 TOTAL FUNDS 1.578.319 {22,9371 1,555,382 Net movement in funds, ir1dud￿j in the above are as foliowts: In(xJming Resour resourfx expended Gains and Movement iri tunds UnrestTiCted funts General fijnd 46,615 198.500} 28,948 (22.9371 TOTAL FUNDS 46,615 {98.5￿) 28,948 122,937) Comparatives for movement in funds Net K)verrEnt in fijnds Transfers At 31.3.24 At 1.4.23 nds Unrestrkted funds General fund 1.673,284 (243.0481 (16,0001 1,414,236 Restrlcted funds Legw rrK)nies Lincoln High Schcol 8.083 156,0(XJ 116.(KK)) 16,000 8.083 156.(100 164.083 {16.tKx)) 16.￿0 164.083 TOTAL FUNDS 1.837.367 (259,048} 1.578,319 Page 16 (x)ntsnued... Fou ation of Christs Hos ' Lincoln Notss to the Fina￿141 ststemo￿. cafttinued forthe ear •nded 31 March 2025 16. MOVEMENT IN FUNDS- continued Comparatwe net mOVe￿t in frjnds, induded In the atKJve are as folk)ws". Incoming Reyjur expended Gains and Movement in funds Unrestrict•d funds General fund 67.459 (358,316) 47.809 {243.0481 Restricted funds Legacy rrx)nies 116.CK)01 {16,0001 TOTAL FUNDS 67.459 1374,316} 47,809 {259,048) A current year 12 rrKJntrts arml wM)r year 12 mnths ￿Mbined px)sttK)n is as fi￿loWS.. Net )vernent in fvnds Transfers between lunds At 1.4.23 31.3.25 Unrestricted lur General fvnd 1.673.284 (265,985) {16,000) 1.391.299 Restricted fvnds Legacy nKJnies Lincoln High School <16.CKJO) 16,OC(I 8.083 156,000 1￿,000 164,083 (16.OCK)I 16,0(KJ 164.083 TOTAL FUNDS 1.837, (281.985) 1.555.382 A cu￿ent year 12 rronths and prior year 12 nv)nths WmbIr￿ net mOVe￿t in funds, induded in the above are as bllows.. IrKX)ming Resour￿ Gains and Movement in funds Unrestrictsd funds General fund 114,074 1456,816) 76,757 1265,9851 Restrfcted fund5 Legacy monies (16.(K(Jl I16.0￿} TOTAL FUNDS 114,074 (472.816) 76,757 1281,9851 Legacy Monies This fund holds resources lor the purpose of prov¥Jing grants to pupils and ex pupib in s￿larised areas. Lincoln High School This fund is to provide gTants for aC0)￿￿a￿0n, to st￿lents LInc)￿n Chrisvs Hospital sthool. as they enter turther education. Page 17 tinued... Foundation of Chrisvs Hos ital at to the Financial Statements- conti rthe ren ed31 rch 20 ued 17. RELATED PARTY DISCLOSURES During the year ended 31 Marth 2025 there were vaiious transacfions wilh Lino)In Chrisvs Hosprtal SchcKJl, a reL2ted party. PaJe 18