## **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 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 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