The
Lorimer Trust
Financial Accounts
For
Year ended 31[st] December 2024
Registered as a charity number NI102135
The Lorimer Trust
Receipts and Payments Account Year Ended 31[st] December 2024
Total Funds 2024 2023 £ £ Incoming Resources Investment Income 52,470 62,136 Resources Expended Charitable Donations 35,100 37,050 Scrutineer`s Fee 300 300 Investment Management 14,516 12,735 49,976 50,085 Net Incoming Resources for the Year 2,494 12,051 Realised Gains (Losses) on disposal of Investment 112,156 449,499 Net Income for the Year 114,650 461,550
The Lorimer Trust Balance Sheet as at 31[st] December 2024
£ £ Fixed Assets Equity Investments Quoted 3,410,513 3,172,889 Unquoted 700 700 3,411,213 3,173,589 Current Assets Broker Capital Account 58,421 44,622 Broker Income Account 11,545 1,994 Bank Current Account 4,455 3,428 74,421 50,044 Net Assets 3,485,634 3,223,633 Funds Unrestricted Funds Capital Funds 575,100 575,100 Revenue Funds 2,910,534 2,648,533 Total Funds 3,485,634 3,223,633
Certified to be a true record of the transactions relating to The Lorimer Trust for the year ending 31[st] December 2024.
____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 2024
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 Trusts investment portfolio. The third is the scrutineers 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 2024. 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 £13,000 International Appeals from UK Charities for relief of distress and poverty. 11,000 Youth and Homeless 6,500 Religion and religious tolerance 3,600 Other 1,000 £35,100
3. Total Funds
2024 2023 Net Income for the year 114,650 461,550 Gains (Losses) on revaluation of Investments. 147,350 (293,179) 262,000 168,371 Total funds brought forward 2,648,534 2,480,162 Total Funds carried forward 2,910,534 2,648,533