REGISTERED CHARITY NUMBER: 1016797
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
FOR
LEONARD COWBURN MEMORIAL TRUST
SMH Sheards Vernon House 40 New North Road Huddersfield West Yorkshire HD1 5LS
LEONARD COWBURN MEMORIAL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 April 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
LEONARD COWBURN MEMORIAL TRUST
REPORT OF THE TRUSTEES for the year ended 30 April 2025
The trustees present their report with the financial statements of the charity for the year ended 30 April 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 trust are stated in detail in the Trust Deed. The principal object of the Trust is the provision of sport for young people.
STRUCTURE, GOVERNANCE AND MANAGEMENT Auditors
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Trust Deed states that the annual accounts do not require to be audited unless requested by the Trustees.
The trustees have not requested an audit of the accounts for the year ended 30th April 2025.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1016797
Principal address
Eaton Smith Norwich Union House 14 High Street Huddersfield West Yorkshire HD1 2HA
Trustees
J D Taylor Mrs P J Wade S Wilson M Birch J M Brown A Sugden K S Baggs M Baggs E Bradley (appointed 25.9.25)
Independent Examiner
SMH Sheards Vernon House 40 New North Road Huddersfield West Yorkshire HD1 5LS
Page 1
LEONARD COWBURN MEMORIAL TRUST
REPORT OF THE TRUSTEES for the year ended 30 April 2025
Approved by order of the board of trustees on 30 January 2026 and signed on its behalf by:
S Wilson - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEONARD COWBURN MEMORIAL TRUST
Independent examiner's report to the trustees of Leonard Cowburn Memorial Trust
I report to the charity trustees on my examination of the accounts of Leonard Cowburn Memorial Trust (the Trust) for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Kevin Sanders FCCA
SMH Sheards Vernon House 40 New North Road Huddersfield West Yorkshire HD1 5LS
3 February 2026
Page 3
LEONARD COWBURN MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 April 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities Sport for young people Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted fund £ 300 207 44,959 45,466 39,295 7,684 46,979 15,768 14,255 1,126,075 1,140,330 |
2024 Total funds £ 10,300 737 618 |
|---|---|---|
| 11,655 | ||
| 5,200 29,681 |
||
| 34,881 | ||
| 258,784 | ||
| 235,558 890,517 |
||
| 1,126,075 |
The notes form part of these financial statements
Page 4
LEONARD COWBURN MEMORIAL TRUST
BALANCE SHEET 30 April 2025
| Notes FIXED ASSETS Investment property 5 CURRENT ASSETS Debtors 6 Investments 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
2025 Unrestricted fund £ 1,000,000 - 143,251 9,008 152,259 (11,929) 140,330 1,140,330 1,140,330 1,140,330 1,140,330 |
2024 Total funds £ 750,000 6,948 384,789 8,088 399,825 (23,750) 376,075 1,126,075 1,126,075 1,126,075 1,126,075 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by:
S Wilson - Trustee
J M Brown - Trustee
The notes form part of these financial statements
Page 5
LEONARD COWBURN MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 April 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
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.
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.
Investment property
The freehold building was acquired on 1st September 2004 and is typically let on a full tenant repairing lease.
The current value is estimated at £1,000,000.
Taxation
The charity is exempt from 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
LEONARD COWBURN MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 April 2025
2. OTHER TRADING ACTIVITIES
| 2. OTHER TRADING ACTIVITIES |
||
|---|---|---|
| Miscellaneous sales 3. INVESTMENT INCOME Rents received Dilapidation income Deposit account interest Other interest |
2025 £ 207 2025 £ 21,401 5,000 811 17,747 44,959 |
2024 £ 737 2024 £ - - 526 92 |
| 618 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
5. INVESTMENT PROPERTY
| FAIR VALUE At 1 May 2024 Additions Revaluation At 30 April 2025 NET BOOK VALUE At 30 April 2025 At 30 April 2024 Fair value at 30 April 2025 is represented by: Valuation in 2025 |
£ 750,000 244,980 5,020 |
|---|---|
| 1,000,000 | |
| 1,000,000 | |
| 750,000 | |
| £ 1,000,000 |
continued...
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LEONARD COWBURN MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 April 2025
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT Prepayments 7. CURRENT ASSET INVESTMENTS Listed investments Other 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 9. MOVEMENT IN FUNDS At 1.5.24 £ Unrestricted funds General fund 1,126,075 TOTAL FUNDS 1,126,075 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 45,466 (46,979) TOTAL FUNDS 45,466 (46,979) |
2025 £ - - - 2025 £ 2,976 140,275 143,251 2025 £ 4,644 7,285 11,929 Net movement in funds £ 14,255 14,255 Gains and losses £ 15,768 15,768 |
2024 £ 5,714 1,234 6,948 2024 £ 271,966 112,823 384,789 2024 £ - 23,750 23,750 At 30.4.25 £ 1,140,330 1,140,330 Movement in funds £ 14,255 14,255 |
||
|---|---|---|---|---|
continued...
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LEONARD COWBURN MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 April 2025
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.5.23 £ Unrestricted funds General fund 890,517 TOTAL FUNDS 890,517 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 11,655 (34,881) TOTAL FUNDS 11,655 (34,881) |
Net movement At in funds 30.4.24 £ £ 235,558 1,126,075 235,558 1,126,075 Gains and Movement losses in funds £ £ 258,784 235,558 258,784 235,558 |
Net movement At in funds 30.4.24 £ £ 235,558 1,126,075 235,558 1,126,075 Gains and Movement losses in funds £ £ 258,784 235,558 258,784 235,558 |
|---|---|---|
| 235,558 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.5.23 £ 890,517 890,517 |
Net movement in funds £ 249,813 249,813 |
At 30.4.25 £ 1,140,330 |
|---|---|---|---|
| 1,140,330 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 57,121 | (81,860) | 274,552 | 249,813 |
| TOTAL FUNDS | 57,121 | (81,860) | 274,552 | 249,813 |
continued...
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LEONARD COWBURN MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 April 2025
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2025.
Page 10