REGISTERED CHARTfY NUMBER: 1016797 jbej[) ((- ILJ'JI li ii, i.,- REPORT OF THE TRUSTEES AND UNAUDITED FINALYCIAL STATEMENfs FOR THE YEAR Ef4DED 30 APRIL 2024 FOR LEOYARD COWBURN MEMOIUAL TRU SMH Sheards Charrered Accountants Vernon Housc 40 New Nonh Road Huddersfield West Yorkshire HDI 5LS
LEONARD COWBURN MEMORIAL TRUST CONTENTS OF THE FINANCIAL STATEMENrs for the year ended 30 April 2024 Report of the Trustee5 lrtdepertdent Examiner's Report Statement ofFln*Ncial Adivities B¥lan¢¢ Sh¢¢t Note5 to the Fin#neial Statements 6 to 10 Detailed Staternent of FiDaneiai Activliies
LEOf4ARD COWBURN MEMORIAL TRusr REPORT OF THE TRUSTEES for the vear ended 30 April 2024 The intstees present their report with the financial st#ten*nts of the charity for the year ended 30 April 2024. The Irnstees have adopted the prowsions of Accounting and Rew>rting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts ir) accordance with the Financial Reporring StsTMlard applÉcable In the UK and Republi¢ of Treland {FRS 1021 (erfectivc l January 2019). OBJECTIVES AND AcfiviTIES Objectiyes and aim5 The objects of the trust are stated in detail in the Trust Deed. The principal object of the Trust is the provision of sport for young people. STRUCTUR& GOVERNANCE AND MANAGEMENr Auditor5 The charity is controlled by its governing documenL a deedof tn]st and co[ltteS an uThincorporated charity. The Trust Deed stste5 that the annual xcounts do not requTre to be audiied unless qUeS1ed by the TfUSte¢s. The trustees have not requested an audit of the aecounts for the yearcrmled 30th April 2023. REFERENCE AND ADMINISTRATII'E DETAILS Registered Charity number 1016797 Prlnelpal address Eaion Smith Norwich Union House 14 High Street Huddcrsfjcld West Yorkshire HDI 2HA Trustees J D Taylor Mrs P I Wade S Wilson M Birch J M Browtk A SugdeD M Ba¥gs Independent Exarniner SMH Sheards Chartered A¢coununrs Vernon HoiLSe 40 New North Road Huddersfield West Yorkshire HDI 5LS Page I
LEONARD COWBURf4 MEMORIAL TRUST REPORT OF THE TRUSTEFS for the year ended 30 April 2024 Approved by order ofthe board of thCes0............ ........ . athjsiglled its behalf by: S Wilson- Tnjstee Page 2
LEONARD COWBURN MEMORIAL TRUST STATEMENT OF FINANCIAL AcfIviTIES for th¢ ytar ended JO April 2024 2024 Unreskncted 2023 Toial fid$ Notes INCOME AND ENIJOWMEf4TS FROM Donations and legacies 10.3(Xl 3(K> Other tradiEJ¥ activffttles Investment income 737 618 43,033 Total 11.655 48,333 EXPENDITURE ONI Charitable aetivities Spon for young people 5.2 62.700 Other 29,681 9,433 TotaI 34.881 72,133 Net g2insl(lossesl ¢)n iDVCStments 258,784 118.7641 NET INCOMEI{EXPEINDITUREI 235,558 {42,564) RECONCILEATIof4 OF FUNDS Totsl fimds brought forward 8).517 933.081 TOTAL FUNDS CARRIED FORWARD 1,126.075 890,517 The note5 FO part of these fujanctal ststements Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEONARD COWBURf4 MEMORIAL TRUST Independent examlner'$ report to the trustees of lthnard Cowburn Memorial Trn5t I report io the charity trustees on my examinalion of the accowits of Leonard Cowbwn Memorial Trust (the Trn5t) for the yearended 30 April 2024. Responsibilities and basis of report As the charity tnE51ees of the Tru you are resw>nsiblc fi)r the preparation of the accounts in accordance with the requsrem¢nts of the Charities A¢t 2011 ('the ACV). I report in restttt of rny exan]ination of the Tn¥S accoutts CaTried out uNkr Section 145 of the Act and in carrying out my examination I have followed all applicable Direction% given by the Charity Commission unthr stiOn 14515Xb} of the Aci. Independent examiner's statement I have completed my examination. I Confirni that no Tnaterial matters have come to my attention in connection with the cxamination giving me cause to believe that in any materia] respxi: accoutjling records were noi kept ID re¥*d of th¢Tr[ 8s requir•J by Section 130 of theAct' or the accounts do noi accord with those records" or the accounts do not comply wilh the applicable requÉrements Concerning the fomi and content of xcounts set out in the Charities (Accounts aThd Repons) liegulations 2(K18 other thw) ony requirement th& the accounts give a trne and fairview which is noi a mattcr considered as part of an independent examinatio I have concern5 and have come acn)ss no other matters in contiOn wtth the exwnination to which attention should be drawn in this report in order to enable aprQperUIerjllg of the accounts be reached. Kevin W5nierbum FCA SMH Shcard5 Chartercd Accouniants Vernon House 40 New North Road Huddersfield Wcsl Yotkshire HDI 5LS Page 3
LEONARD COWBURN MEMOIUAL TRUST BALANCE SHEET 30 April 2024 2024 Unrestri¢ieiE fi]nd 2023 Total fimds Notes FIXED ASSETS Ini'eslment property 750.000 477,656 CURRENT A&SETS Debtors Jnvestments Cash at bank 6,948 384.789 8,088 507 415.539 16,815 399,825 432,861 CREDITORS Amounts falling du¢ within one yeai (23.750) (20.000) NET CURRENf ASSETS 376.075 412,861 TOTAL ASSETS LESS CURRENT LIABILrrJES 1,126.075 890,517 NET ASSETS 1.126.075 890,517 Unrcstrieted fiuJd$ 1.126.075 890,517 TOTAL FUNDS 1,126,075 890.517 The financial statement5 were approved by the B(*rd of TnetS and audK)rised for issue on aDd ivere signed on its behalf by= S Wilson- Trustee J M BrowJ- Trustee The forni part of these fiTwicia] statements Page 5
LEONARD COWBURN MEMORIAL TRusr NOTES TO THE FINAIYCIAL STATEMENTS for the year ended 30 April 21124 ACCOUKllNG POLICIES Basis of preparing the financial statements The flnancial stal¢ments of the charity. which 15 8 public benefit entity under FRS 102. have been prepared in accordCe with the Charities SOP (FRS 102) 'AccouThiiDg and Reporting by Charities.. Statement of Re¢onllnended Practice applicable to charities preparing theÉr accounts in accordance with the Financial Reponing Siandard applicable in the UK atMI Republic of Irelad (FRS 1021 {effertive l January 20191,. Finatjcial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities A¢1 2011. The financial stateMts have been prepared under bistorical cost convention, a5 modified by the revaluation of certain assets. Incorne Ail income is recognised in the Statement of FinaTLeial Activities once the chariry Ims entitlement to the fid& it is probablc that the ineome will be rtceived atyj the amount call be mear reliabty. ExpendTrture Liabilities ate reCOlSed expenditure as as there is a legal or )structive obligation ¢ommttting the charity to that eKpenditure, it is probable that a tyansfer ofKonomi¢ benefits will be rquired in setilement atwj the atnount of the obligation can be measured reliably. Expenditure is account for on an acctua15 basis and has been classified Imder heddin85 that a88re8ate all C< related to the category. Where costs cannoi be directly attributed to particular headings they have been all(ated io 1Ville$ on ab2SiS COtL5iSteni with the use of resources. Grdnts offered sllbject to Co11110 which have trKen met at the year etsl date are not as a con]mitment but not accrued as expendiiuft. Investment property The frcehold builditlg was acqui]Yd on Isi September and is typIllY l& ona full tenant repairing lease. The ¢urrent value is estimated £750.0. Taiarfo The ¢hariiy is exempt fmm tax OD its charifable *iivities. Fund accounting Unrestricied funds in cordae with the clwitable objectives at the disctetioTr of the trustees. Restricted fvnds can oThly be used for patlicular restrieied pLErpo within the objects of the charity. Reslriclions atise when specified by th¢ th)nor orwhen fun(Ls are rdised forprtLtul8r restricted putposes. Further explanation of the aThJ purtM)se of ea¢h fimd is i1dcd in the notes to the finaThcial statetnents. Page 6 continued...
LEONARD COWBURf4 MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENfs- continued for the vear tnded JO April 2024 OTHER TRADING AcrtvrriES 2024 2023 Misc¢llaneous sales 737 INVESTMENT INCOME 2024 2023 Rents received Deposii account intert%t Oth¢r inl¢res¢ 46,667 262 1,104 526 92 618 48.033 TRUSTEES, REMUNE]L4TION AND BENEFnS There M'ere no trtee5, remunetaiion or other benefits for the yelr ended 30 April 2024 nor for the year ended 30 April 2023. Trustees, expeDse5 There were no I[tees, paid for the yearended 30 April 2024 for the year ended 30 April 2023. INVESTMENT PROPERTY FAIR VALUE At l May 2023 Additkons Revaluation 477.656 23,150 249,194 At 30 April 2024 750.000 NET BOOK VALUE At 30 April 2024 750,0(K> At 30 AptÈl 2023 477,656 Fair value at 30 April 2024 is represented by-. Valuation iEh 2024 750,(K>O Page 7 Continued...
LEONARD COWBURN MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMEpifs-continued for the year ended 30 April 2024 DEBTORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2024 2023 VAT Prepayments 5.714 1,234 507 6,948 507 CURRENf ASSET tNVESTMEf413 2024 2023 Listed investments Other 271,966 112,823 337J76 78.163 384,789 415,539 CREDITORS: AMOUYtS FALLING DUE wrrHIN ONEYEAR 2024 2023 Other credito 23,750 20.000 MOVEMENT IN FUNDS Net movemeni in fid5 At 30.4.24 At 1.523 Ut)restrlrted fllnds General fund 890,517 235,558 1,126,075 TOTAL FUP4DS 890,517 235,558 1,126,075 Net movement in fid4 in¢luded ID ave are as follows.. Incoming Gains and Movemeni in fiu]ds Unrestricted funds General fiind 11.655 (34.881) 258,784 235,558 TOTAL FUNDS I 1.655 (34.881) 258,784 235,558 Page 8 coniinued...
LE.ONARD COWBURIY MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMEIN'TS- continued for iht vear ended 30 April 2024 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net moK'ement in fi]nds At 30.4.23 At 1.5.22 Unrestricted fndS Generdl fi]nd 933.081 (42,564) 890.517 TOTAL FUNDS 933.081 142.5641 890.517 Compardlive net movement in fid& included in the aiK>ve ate as follows: Incorning Gains and losses Movement in funds Unrestrltted funds 48J33 {72,1331 {18,7641 {42,5641 TOTAL FUNDS 48,333 (72.133) {18,764) {42,564) A Ciwrent year 12 months and prior year 12 months combined p)sition is as follows: Net movement funds At 30.4.24 At 1.5.22 Unrestrieted funds General fvnd 933.081 192.994 1,126,075 TOTAL FUNDS 933,081 192,994 1,126,075 Page 9 eonlinued...
LEONARD COWBURN MEMOIUAL TRusr NOTES TO THE FINANCIAL STATEMEYL Is-tontinued for the year eoded 30 Apru 2024 MOVEMENT IN FUNDS- continued A cuffcnt year l2 mont$ aThJ prior yw 12 mtsllths combilled net Dm)vet in fid$. includod in the above are as follow5.. Incoming Re$ouTtt5 Gains and Movtmcnt in funds Unrestricted Gertetal fund 59.988 (107,014) 240,020 192,994 TOTAL FUNDS 59,988 (107,0141 240.020 192.994 RELATED PARTY DISCLOSURES There were Th) laledpartY ttansxtions forthe yearended 30 April 2024. Page 10
' I.EONARD COWBURN MEMORtAL TRUST DETAILED STATEMENT OF FINANCIAL AcfivJTIES for Ihe Year ended 30 April 2024 2024 2023 INCOME AND ENI)OWMEIN5 Donations and legaeies Donations 10.300 300 Other trading actiticS MIs¢ella0uS 5ale5 737 Investment income Renis received Deposit account interest Other inte1 46.667 262 526 92 618 48,033 Totgl incoming resourees 11,655 48.333 EXPENDITURE Charitable activities Gran15 to institutions 5.200 62,7 Suppori costs Finance Bank charges 107 94 GoverThance costs Insutan¢e Utilittcs Sundries Ac¢ountan¢y and legal fees Legal fees Repairs and reval$ 11,208 8,001 25 650 9.130 560 575 418 8,346 29.574 9,339 Total rcsourccs eXpnded 34.881 72,133 r4ct expeDd5ture (23,226) (23,8001 This page does Th)t form part ofthe stantiory flthancial slatem¢nts Pagell