**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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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... Page 7 **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... Page 8 **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... Page 9 **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