REGISTERED COMPANY NUMBER: 06660648 (England and Wales)

REGISTERED CHARITY NUMBER: 1125937

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE HELEN JEAN COPE CHARITY

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

21

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are to distribute the charity's assets to local charitable causes which must be registered charities.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The objectives and everything the charity does is for the public benefit.

Grantmaking

The grant policy is to:-

- give donations to registered charities only.

- not to give to individuals.

- not to make any permanent on-going commitment to any one charity.

- to consider repeat applications on their merit and in the light of the financial position at that time.

- consider applications from non-local charities on their merit.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity has distributed 68 (2024: 43) grants to charities during the period.

FINANCIAL REVIEW

Financial position

The total expenditure during the period was £228,970 (2024: £117,577).

The charity has total funds carried forward of £13,581,921 (2024: £7,629,144) which will be used to continue meeting the charity's objectives.

During the year, the charity sold a portion of land for £7.6m net of the legal and professional costs incurred in negotiating the sale, recognising a gain of £5.7m. (see note 18) The monies recieved were added to the charities investment portfolio.

Investment policy and objectives

The Constitution authorise the trustees to make and hold investments using the assets of the charity. The trustees have entered into a discretionary management agreement of the investment portfolio with Charles Stanley and Company Ltd. The trustees have asked the brokers to take into account any social, environmental or ethical considerations when managing the portfolio. During the year the trustees also entered into a discretionary management agreement with Redmayne Bentley LLP, who now manage half of the investment portfolio.

The overall value of the charity's listed and unlisted investments holdings increased by £7,437,913 during the year, with the money recieved from the sale of the land (disclosed in note 18) deposited in the investment portfolio. Gross dividends received in the period amounted to £128,782 (2024: £79,927).

Reserves policy

The Charity's unrestricted funds are mainly invested in stocks and shares. The Charity does not solicit donations or receive any grants, nor does it provide continued funding to any organisations. The likelihood of a shortfall arising meaning that a reserve is necessary is considered so low that the Trustees believe that the Charity's reserves can be set at a level to simply cover the contractual expenses of the Charity relating to its continued operations which are as follows:

a) Lease of the office premises (maximum commitment of three years)

b) Public Liability and office Insurance

c) Salary of part time Administrator

d) Fees payable to professional advisers

e) General administration costs

f) Such other expenditure as the Trustees may from time to time consider necessary for the operation of the Charity

The Trustees have resolved that a sum sufficient to cover three years expenses shall at all times be reserved from the assets of the Charity or until such time as the Charity shall come to an end.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Helen Jean Cope Charity is a charitable company limited by guarantee and registered in England and Wales Number: 06660648.

Charity constitution

The charitable company was incorporated on 30 July 2008 and registered under the number 1125937 with the Charity Commission. The company took over the assets and operations of the charity "The Helen Jean Cope Trust" which was removed as a charity. The trustees of the charity were the same as the trustees of The Helen Jean Cope Trust. These were originally two of the executors named in the will of Miss Helen Jean Cope plus three additional trustees that were appointed in accordance with the discretion conferred by the will to the executors. Appointment of any further trustees is now at the discretion of existing trustees and in accordance with the Memorandum and Articles of Association.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up.

Organisational structure

The charity is run by six trustees who meet on a regular basis and consider applications for grants. Applications for grants are received from registered charities in the United Kingdom who hear about the charity by way of articles in local newspapers and also National Charities Register. Information regarding the charity is also held in local libraries.

The tenanted land and buildings are administered by the managing agents, E A Lane and Sons.

Risk management

The trustees have assessed the major risks to which the charity is exposed, are are satisfied that the systems are in place to mitigate exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06660648 (England and Wales)

Registered Charity number

1125937

Registered office

1 Woodgate

Loughborough

Leicestershire

LE11 2TY

Trustees

Miss Lindsay Ann Brydson

Mr Graham Sidney Freckelton

Mr Alan Roberts

Mr John Malcolm Carrington

Mr Anthony John Benskin

Mr Matthew Graham Freckelton

Company Secretary

Mr John Malcolm Carrington

Independent Examiner

Niall Kingsley FCA

Duncan & Toplis Limited

3 Princes Court

Royal Way

Loughborough

Leicestershire

LE11 5XR

Solicitors

Fieldings Porter

Silverwell House

Silverwell Street

Bolton

BL1 1PT

Bankers

HSBC Bank plc

P O Box 13

41 Market Place

Loughborough

Leicestershire

LE11 3EJ

Investment advisors

Charles Stanley and Company Limited

25 Luke Street

London

EC2A 4AR

Redmayne Bentley LLP

3 Wellington Place

Leeds

LS1 4AP

Land agents

E A Lane and Sons

100 Regent Road

Leicester

LE1 7DG

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by order of the board of trustees on 2 July 2026 and signed on its behalf by:

Mr Graham Sidney Freckelton - Trustee

Independent examiner's report to the trustees of The Helen Jean Cope Charity ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns 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.

Niall Kingsley FCA

Duncan & Toplis Limited

3 Princes Court

Royal Way

Loughborough

Leicestershire

LE11 5XR

14 July 2026

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Investment income

3

176,118

97,669

Other income

4

-

200

Total

176,118

97,869

EXPENDITURE ON

Raising funds

Investment management costs

5

31,705

14,278

31,705

14,278

Charitable activities

6

Charitable activities

197,265

103,299

Total

228,970

117,577

Net gains on investments

6,005,629

971,617

NET INCOME

5,952,777

951,909

RECONCILIATION OF FUNDS

Total funds brought forward

7,629,144

6,677,235

TOTAL FUNDS CARRIED FORWARD

13,581,921

7,629,144

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

FIXED ASSETS

Tangible assets

16

178

285

Investments

Investments

17

9,562,189

2,124,276

Investment property

18

3,250,000

5,331,050

12,812,367

7,455,611

CURRENT ASSETS

Debtors

19

3,361

6,789

Cash at bank

786,321

174,551

789,682

181,340

CREDITORS

Amounts falling due within one year

20

(20,128

)

(7,807

)

NET CURRENT ASSETS

769,554

173,533

TOTAL ASSETS LESS CURRENT LIABILITIES

13,581,921

7,629,144

NET ASSETS

13,581,921

7,629,144

FUNDS

22

Unrestricted funds:

General fund

11,521,697

3,603,094

Fair Value Reserve

2,060,224

4,026,050

13,581,921

7,629,144

TOTAL FUNDS

13,581,921

7,629,144

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 2 July 2026 and were signed on its behalf by:

Mr Graham Sidney Freckelton - Trustee

1.	GENERAL INFORMATION

The Helen Jean Cope Charity is a private Charitable Company Limited by Guarantee registered in England and Wales. The charity's registered number is 1125937 and the Company registration number is 06660648. The registered office and principal address of the charity is 1 Woodgate, Loughborough, Leicestershire, LE11 2TY.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

The entity constitutes a public benefit entity as defined by FRS 102.

There are no material concerns relating to going concern.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

To ensure compliance with the accruals concept it may be necessary to defer income into the following period.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings

15% on cost

Investment property

Investment property is shown at the most recent valuation.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the 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 restricted purposes.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments

Fixed asset investments are measured at fair value if the shares are publicly traded or can otherwise be measured reliably.

The valuation of the unlisted shares is based on the charitable company's percentage shareholding of the net assets of the unlisted company which it holds shares in per the latest available accounts.

Realised and unrealised gains or losses on assets are accounted for in full within the particular fund of which the asset forms a part.

Value Added Tax

The charity is not required to register for VAT. All income and expenses include VAT where applicable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

3.	INVESTMENT INCOME

2025

2024

£

£

Rents received

18,830

17,122

Income from listed investments

124,825

74,929

Income from unlisted investments

3,957

4,998

Deposit account interest

28,506

620

176,118

97,669

4.	OTHER INCOME

2025

2024

£

£

Bank compensation

-

200

5.	INVESTMENT MANAGEMENT COSTS

2025

2024

£

£

Fund manager costs

31,705

14,278

6.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

Direct

activities

Support

Costs (see

(see note

costs (see

note 7)

8)

note 9)

Totals

£

£

£

£

Charitable activities

39,590

151,825

5,850

197,265

7.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2025

2024

£

£

Staff costs

10,551

10,019

Rates and water

129

153

Insurance

2,085

2,051

Light and heat

1,881

3,343

Telephone

719

713

Postage and stationery

1,401

1,614

Sundries

4,781

2,736

Rent

9,000

9,000

Repairs

1,248

6,456

Travel expenses

3,881

2,296

Legal and professional fees

3,808

1,168

Depreciation

106

108

39,590

39,657

8.	GRANTS PAYABLE

2025

2024

£

£

Charitable activities

151,825

58,000

The total grants paid to institutions during the year was as follows:

2025

2024

£

£

Per note 25

151,825

58,000

Grants paid to institutions are analysed in detail in note 25. Grants are paid to institutions in accordance with the objects as detailed in the trustees report.

9.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Charitable activities

69

5,781

5,850

10.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

107

108

11.	INDEPENDENT EXAMINERS' REMUNERATION

2025

2024

£

£

Payroll and Company Secretarial Fees

1,545

1,124

Independent Examination and preparation of accounts

4,236

4,428

12.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

The reimbursement of trustees' expenses was as follows:

2024

2023

2024

2023

Number

Number

£

£

Travel, subsistence and general expenses

6

6

4,516

4,579

4,516

4,579

13.	STAFF COSTS

2025

2024

£

£

Wages and salaries

10,425

10,050

Social security costs

-

(100

)

Other pension costs

126

69

10,551

10,019

The average monthly number of employees during the year was as follows:

2025

2024

Secretarial

1

1

Trustees

6

6

7

7

No employees received emoluments in excess of £60,000.

14.	EXCEPTIONAL ITEMS

Included within net gains on investments in the Statement of Financial Activities is £5,718,427 relating to a realised gain on the sale of land. The remainder of the net gain on investments is an unrealised gain of £477,752 through a revaluation of the fixed asset investments, and an unrealised loss of £190,550 on revaluation of the remainder of the investment property.

15.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

funds

£

INCOME AND ENDOWMENTS FROM

Investment income

97,669

Other income

200

Total

97,869

EXPENDITURE ON

Raising funds

Investment management costs

14,278

14,278

Charitable activities

Charitable activities

103,299

Total

117,577

Net gains on investments

971,617

NET INCOME

951,909

RECONCILIATION OF FUNDS

Total funds brought forward

6,677,235

TOTAL FUNDS CARRIED FORWARD

7,629,144

16.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025 and 31 December 2025

853

DEPRECIATION

At 1 January 2025

568

Charge for year

107

At 31 December 2025

675

NET BOOK VALUE

At 31 December 2025

178

At 31 December 2024

285

17.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

MARKET VALUE

At 1 January 2025

2,007,160

117,116

2,124,276

Additions

7,540,482

-

7,540,482

Disposals

(518,140

)

-

(518,140

)

Revaluations

415,851

(280

)

415,571

At 31 December 2025

9,445,353

116,836

9,562,189

NET BOOK VALUE

At 31 December 2025

9,445,353

116,836

9,562,189

At 31 December 2024

2,007,160

117,116

2,124,276

The investment assets are held:

Listed investments

Unlisted shares

Totals

£

£

£

In the UK

4,495,858

116,836

4,612,694

Outside the UK

4,949,495

-

4,949,495

9,445,353

116,836

9,562,189

Historical cost:

At 31 December 2025

8,699,621

29,988

8,729,609

At 31 December 2024

1,797,113

29,988

1,804,422

Cost or valuation at 31 December 2025 is represented by:

Listed

Unlisted

investments

investments

Totals

£

£

£

Valuation in 2025

9,445,353

116,836

9,562,189

18.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 January 2025

5,331,050

Disposals

(1,890,500

)

Revaluation

(190,550

)

At 31 December 2025

3,250,000

NET BOOK VALUE

At 31 December 2025

3,250,000

At 31 December 2024

5,331,050

The valuation of the investment property was based on the valuation by E A Lane & Sons at 31 December 2025, a professional Chartered Surveyor with experience in the location and class of the property.

During the year, the land off Snells Nook Lane, which recieved planning permission in 2024, was sold for £7.6m net of the legal and professional costs incurred in negotiating the sale. This land was held at a valuation of £1.89m as at 31st December 2024, the remaining £5.71m has been recognised within the net gains on investments line of the Statement of Financial Activities.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

3,250,000

19.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

183

232

Prepayments and accrued income

3,178

6,557

3,361

6,789