## **The** ## **Lorimer Trust** ## **Financial Accounts** ## **For** **Year ended 31[st] December 2023** **Registered as a charity number NI102135** ## **The Lorimer Trust** ## **Receipts and Payments Account Year Ended 31[st] December 2023** **Total Funds 2023 2022 £ £ Incoming Resources** Investment Income 62,136 58,947 **Resources Expended** Charitable Donations 37,050 44,150 Scrutineer`s Fee 300 300 Investment Management 12,735 12,518 50,085 56,968 **Net Incoming Resources for the Year** 12,051 1,979 Realised Gains (Losses) on disposal of Investment 449,499 90,238 **Net Income for the Year** 461,550 92,217 **The Lorimer Trust Balance Sheet as at 31[st] December 2023 2023 2022 £ £ Fixed Assets** Equity Investments Quoted 3,172,889 2,936,638 Unquoted 700 700 3,173,589 2,937,338 **Current Assets** Broker Capital Account 44,622 75,744 Broker Income Account 1,994 1,492 Bank Current Account 3,428 40,688 50,044 117,924 **Net Assets** 3,223,633 3,055,262 **Funds Unrestricted Funds** Capital Funds 575,100 575,100 Revenue Funds 2,648,533 2,480,162 **Total Funds** 3,223,633 3,055,262 Certified to be a true record of the transactions relating to The Lorimer Trust for the year ending 31[st] December 2023. ________________Sir Desmond Lorimer _______________Lady Lorimer ________________Mrs S.P.Crowe ________________Mrs K.A.Feeney ## **The Lorimer Trust** ## **Notes to the Receipts and Payments Account Year to 31[st] December 2023** ## **1 Accounting Policies** ## **Basis of Accounting** The Receipts and Payments Account has been prepared in Accordance with the Statement of Recommended Practice; Accounting and Reporting by Charities (Charities SORP). ## **Income** The only income of the Trust is investment income. ## **Expenditure** Resources Expended is confined to three items. The first being Charitable Donations to Charities registered in the United Kingdom in accordance with the objects of the Trust. The second being the management fees payable to the investment managers responsible for the administration of the Trust`s investment portfolio. The third is the scrutineer`s fee. All other incidental expenditure is met by the Trustees personally. ## **Investments** Listed investments are stated at market value, on the basis of the middle market price at the close of business on 31[st ] December 2023. Whilst the day to day management of the portfolio is carried out by the investment managers the ultimate control and responsibility rests with the Trustees. Unlisted equity investments are stated at fair value and all realised Gains and losses are reported through the Receipts and Payments Account. ## **Cash at Bank** Cash at Bank is entirely on Current Account and available on call. Cash at Brokers represents cash awaiting investment or remittance to the Trust. ## **2. Cost of Charitable Activities by Activity Type** All donations are made to Charities falling within the undernoted activity types:- Health and Disability £12,100 International Appeals from UK Charities for relief of distress and poverty. 12,350 Youth and Homeless 6,250 Religion and religious tolerance 3,300 Other 3,050 £37,050 ## **3. Total Funds** **2023 2022** Net Income for the year 461,550 92,217 Gains (Losses) on revaluation of Investments. (293,179 (417,682) 168,371 (325,465) Total funds brought forward 2,480,162 2,805,627 Total Funds carried forward 2,648,533 2,480,162